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 conversation 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 that when…
Triage Before Turnaround: Management Buy-In
When a business is in distress, it’s imperative that leaders proactively confront the situation. Once the cash conversation program has been established, Paul Denton suggests seeking management buy-in is the next major task…
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 performing triage on the ailing company and prioritizing actions…