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.
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.
Can your company be turned around? Let's talk about a very important business -- your business.