Business Turnarounds
Business Turnaround Plans & Implementation - To Get Your Business Back On Track
Should you Turnaround or Divest an under-performing business? It's a tough decision. Peter Drucker tended to favor divestiture, though his point was to get it done quickly, within a year to 18 months. We strive to get business turnaround results within 6 months.
MeritBSC uses a two phase process in doing turnarounds -- develop the plan and implement the turnaround. The plan phase takes 1 to 3 months. Implementing the turnaround takes 3 to 6 months.
Our Turnaround work has led to significant improvements in client results; a $125 million profit turnaround for a regional financial services firm, and a $12 million profit turnaround for a technology company. The same techniques work well with smaller companies too, often with faster results. In working with a company with $5 million in sales, we found $350,000 in profit improvement opportunities.
If you are the owner operator a sole proprietorship, LLC, partnership or professional practice, and want to improve your business performance, send a note or call, and let's see what MeritBSC can do to provide you with practical advice to improve the performance of your business.
Can your company be turned around? Let's talk about a very important business -- your business.
MeritBSC uses a two phase process in doing turnarounds -- develop the plan and implement the turnaround. The plan phase takes 1 to 3 months. Implementing the turnaround takes 3 to 6 months.
Our Turnaround work has led to significant improvements in client results; a $125 million profit turnaround for a regional financial services firm, and a $12 million profit turnaround for a technology company. The same techniques work well with smaller companies too, often with faster results. In working with a company with $5 million in sales, we found $350,000 in profit improvement opportunities.
If you are the owner operator a sole proprietorship, LLC, partnership or professional practice, and want to improve your business performance, send a note or call, and let's see what MeritBSC can do to provide you with practical advice to improve the performance of your business.
Can your company be turned around? Let's talk about a very important business -- your business.