When Shareholders Revolt: Succession Planning and Disputes
Family business succession is complicated, even at the best of times, but becomes even more challenging when stakeholders refuse to play nice. Paul Denton shares a cautionary tale on how picking the wrong buyer can…
My Company Is Insolvent—What Are My Options?
After running the numbers, you’ve determined your company is insolvent. With that in mind, what are your options as a business owner? Although it may seem like a dire situation, there can be positive…
Triage Before Turnaround: Cash & Assets Control
In this last installment of our four-part series, Paul Denton continues to provide suggestions on how to stabilize the overall situation of a distressed business with hopes to implement a successful turnaround. Namely, how…
Triage Before Turnaround: Safeguard Assets
Once the cash conservation program and a competent and committed leadership team has been established, Paul Denton suggests identifying and safeguarding your assets. In the first two parts of this series, we discussed…
Triage Before Turnaround: Management Buy-In
When a business is in distress, it’s imperative that leaders proactively confront the situation. Once the cash conservation program has been established, Paul Denton suggests seeking management buy-in is…
Triage Before Turnaround: Cash Conservation
When a business is in distress, it’s imperative that leaders proactively confront the situation—buying time to implement a sound turnaround plan. Paul Denton suggests …