We have vast experience and have enjoyed success in supporting severely underperforming Companies. Often referred to as “turnarounds”, Companies which:
- Have consistent losses
- Have lost hope of regaining profitability
- Fear they will “not make it”
- Require special and focused attention.
In these scenarios, an intense and dramatic 90-day plan is quickly developed. As with all Opportunity Inc. relationships, we remain active in the firm during all phases of recovery.
The Opportunity Inc. “Turnaround” Process
- Triage – Take whatever action is necessary to stabilize banking, vendor and customer issues effecting profitability.
- Buy In – Communication throughout the enterprise to secure buy-in that business as was will change for survival and recovery.
- Profitability Behaviors – Implement all steps necessary for immediate return to profitability. Any and all actions to achieve goals are implemented expediently to include cost-cutting long considered unpalatable.
- Balance Sheet Repair – Restructuring to shore up traditionally weakened balance sheet.
- Gross Profit Acceleration – Intense review of product service margins and all related costs. Implementation of vendor review processes and product / service margin goals implanted.
- Parallel Post Recovery Planning – Results from short term actions should be realized in less than 180 days. In parallel, a plan for post-recovery operation is formulated.
Why We Are SUCCESSFUL
- We force and mandate difficult decisions
- We deliver a sense of urgency from top to bottom within the enterprise
- We have the experience