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Despite past success, many businesses are eventually confronted with declining revenue and profits for various reasons -
- Changes in ownership
- “unexplainable” loss of market share, profit decrease
- Sudden changes in senior staff/management
- Lack of innovation
- Slow but constant loss of market share
- Explosive growth (requires different management skills and styles
- Conflicting interests/goals of owners/management
- Economic volatility/downturn
- Loss of single biggest customer
- Changes in competitor landscape
- Regulatory/legal changes
- Changes in technology
If not addressed properly and in a timely manner, these issues can have a devastating impact on the company and lead to an accelerated decline and destroy a business along with everything an entrepreneur has worked so hard to build.
We help clients quickly take the right measures to avoid bankruptcy, protect their assets and restructure their businesses to make it sustainably successful.
The main goals for a turnaround management project are:
Stabilize the company
Inform and calm staff, clients, vendors and lenders
Build a sound foundation for a successful future of the company
After a turnaround project, the company might look significantly different with changes in strategy, target markets, product mix, staff, size, and culture.
*Sow & Reap Consulting partners with diligently selected specialized lawyers and CPAs if needed.