Managing Stakeholders’ Expectations When It Matters Most
During the best of times, communication with stakeholders is vital. During an economic downturn, like the one we are currently experiencing, it’s even more critical that we keep interested parties up to date. Peter…
COVID-19 Financial Relief for Businesses
It’s not unusual for businesses to face financial challenges and require additional financial support. However, with the financial strain of the COVID-19 pandemic, more businesses need financial assistance than we’ve seen in…
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…
How to Regain the Initiative Amidst Uncertainty
Uncertainty—it’s a word no business likes to hear, but it’s been dominating the headlines for weeks now. From the COVID-19 pandemic to the oil war between Saudi Arabia and Russia, businesses…
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…
Solving Cash Flow Problems During Uncertainty
Is negative cash flow hampering your business during the COVID-19 outbreak? If so, Allan Nackan and Noah Litwack suggests a proactive approach—including the right diagnosis and a solid turnaround plan to help avoid…
Distressed M&A: Maximizing Value in Challenging Times
How do you avoid the bargain bin when selling your business? Unloading a distressed company is by no means ideal, but it’s not the end of the world. Piers Marsden examines distressed M&…
Mitigating Social Unrest During Restructuring or Turnaround
It can be tempting, and convenient, for mining companies to abandon their corporate social responsibility initiatives when experiencing financial distress. However, Piers Marsden cautions that this could spiral into costly shutdowns, production losses, and even…