Managing a Successful Business Turnaround – Tips & Tricks

What can business owners and advisors pro-actively do to turn the boat around?

The global economic outlook is changing rapidly – high inflation, rising interest rates and increasing talk of the “R”word. Against this backdrop, it’s inevitable that more business owners could find themselves in a period of distress over the coming months and years.

This session will explore:

• The options available to business owners and their advisors in an informal and formal restructuring arrangement
• What a successful turnaround strategy looks like
• What ingredients are required for it to be a success

We’ll examine a case study where a large business was successfully turned around without the need for the appointment of an external administrator

A successful turnaround strategy isn’t possible without the buy-in of the employees and broader stakeholders of a business. This session will delve into some of the detail around stakeholder management techniques and how these are critical to bringing them on board.

We will also work through some of the tips and tricks used by turnaround advisors to ensure the business continues to be viable post-implementation.

Learning Outcomes:

Attendees can expect to understand:

• what a successful turnaround entails
• the different approaches that can be undertaken
• the additional formal and informal turnaround options available to boards
• how to approach different stakeholders so as to obtain their support
• who is a turnaround specialist and what skills they require?

Suited to:

The content of the presentation is suitable for directors of SMEs and larger companies and is particularly relevant to accountants and solicitors who are often asked to provide advice to their clients about their options should they find themselves in financial distress

This On Demand includes: 

• a recording of the webinar Event which can be viewed multiple times
• a PDF of the presenter’s PowerPoint
• a verbatim Transcript
• any supporting documentation
• a CPD Certificate after successful completion of the Knowledge Quiz