Turnaround Professionals, LLC

Description

We find & fix problems so you can focus your energies on success... not survival. By the time most corporations realize they are in distress, chaos is already rampant, and management is spending large blocks of time putting out the daily brush fires. Turnaround Professionals' first step in reversing negative trends is stopping a downward spiral as quickly as possible. This means we must become intimately involved in the client's day-to-day management, right from the start. We immediately begin a critical assessment of the current corporate climate, considering and reviewing all internal and external operations. We concurrently stabilize the work environment for the short term, while beginning the process of repositioning the company for extended success. If, after our assessment, the corporate environment warrants further control, we often recommend assigning a Turnaround Professionals' member to take on the role of Chief Restructuring or Chief Financial Officer. An advantage to this practice is our ability to generally shield our client's management from creditor negotiations, freeing management to focus on doing what made the business successful in the first place. Our assessment focuses sharply on identifying and correcting those corporate policies and procedures contributory to the crisis. We commonly analyze financial performance, market position & strategies, corporate and management structure, facilities, equipment, staff relationships, staffing levels and the viability of the firm for sale or merger. Following assessment, Turnaround Professionals creates a turnaround plan tailored for the client's needs ... and we remain firmly locked with management during the plan's application. Turnaround Professionals' involvement results in return to normal banking, vendor and customer relations. We always prefer to join our clients in their recovery efforts before they need court protection; however, Turnaround Professionals' extensive experience managing Debtors through the bankruptcy reorganization process is readily available if needed.

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