The following question that one has to ask is what is the ‘’ROOT’’ of the problems experienced by the company?
- Is the company ‘’BLEEDING’’, where and why?
- Have the owners/directors ‘’lost control’’ over the company (due to complacency, miss information, lack of operational or financial control)?
- ‘’Why’’ is the company losing money? (Market, product, client, marketing, staffing, pricing, cashflow)
Once these questions are fully answered and investigated a drastic ‘’Turnaround Plan’’ must be developed and implemented within a 90-day window.