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Business Turnaround

Business Turnaround

DP Business Transformation welcomes the opportunity to work with you to deliver improved performance by introducing an Interim Manager who will make a detailed analysis of your business metrics and identify your key profit levers in order to empower to engage all your stakeholders.

Start the turnaround process by:

• Carrying out a health check and determine the underlying reasons for the crisis
• Examining ways of alleviating the impact of the crisis
• Determining what needs to be done to generate cash whilst you establish a long term strategy
• Formulating a detailed cash flow and understand the peaks and troughs

The solution will involve working with your management team, then working with stakeholders and evolving a solution. The steps to follow are:

• Formulate a strategy by fully understanding the nuts and bolts of your business.
• Review products, services and markets to formulate how each contributes to the profitability of the business
• Align costs with sales revenues. Trends will be uncovered at this point
• Analyse data which may lead to cost cutting
• Understand the operation and discuss ways of improvement
• Work from the core business and then look at other areas of the business to see if these are draining cash or focus
• Restructure or eliminate under-performing and non-core businesses. (Disposal of those areas may bring in a cash injection!)
• Examine the organisation chart and personality types to identify if the management team has what it takes to work together and implement and evolve the solution
• Identify skills and resource gaps in the management team
• Detail what is required to the management team and agree the way forward
• Investigate ways of improving the terms of the business to release capital
• Put in KPI’s (Key Performance Indicators) so that the turnaround journey can be monitored
• Engage with creditors to get support