Additional information
by Jeff Sands (Author)
How to steer your business through times of financial distress and achieve sustained profitability
Corporate Turnaround Artistry is a complete guide for entrepreneurial companies in times of financial distress--presenting effective strategies and proven methods to revive and rehabilitate your business. Uncertain economic times have significantly altered the financial resources available to struggling businesses. Narrowing margins and mounting internal and external pressure has taken their toll on many companies. Fortunately, most businesses can be repaired while maintaining their existing revenue structure. Offering practical steps that go beyond simple cost-cutting and sales-building advice, this invaluable guide teaches you how to control cash, secure financial relief, and develop a comprehensive turnaround plan that your employees, customers, and creditors will support.
Business leaders and entrepreneurs often fall into the trap of assuming new debt when tough times strike. Author and Certified Turnaround Practitioner Jeff Sands shows that to many struggling businesses, more money is no longer the answer to the problem. Expert advice on topics including cashflow stabilization, short and long-term profit sustainability, lean management techniques, and more, provides the framework to timely and efficient corporate turnaround. From identifying the initial cash crisis to meeting with creditors and developing a plan, this essential resource will help you:
- Stabilize your financial liabilities and re-structure your debt
- Implement effective turnaround strategies without significant changes to your corporate structure
- Preserve the positions of your current employees and their community
- Give yourself a fresh start with a lean and agile business
Thousands of businesses fall into financial stress every year--oftentimes in sudden and dramatic fashion--leaving CEOs and owners asking the question "How do I save my business"? Corporate Turnaround Artistry: Fix Any Business in 100 Days provides the answer.
Front Jacket
When corporations are in deep distress, leaders need to act quickly and decisively. Unfortunately, business schools and popular business literature are almost completely devoid of the knowledge executives need to navigate the difficulty and emerge on the other side with a strengthened business. The lack of information on the topic is so extreme that many CEOs and high-level managers don't realize how undereducated they are on turnaround practices--until it's too late. In Corporate Turnaround Artistry: Fix Any Business in 100 Days, Jeff Sands provides a much-needed guide to understanding and overcoming financial ruin in small-to-medium enterprises.
This is the first book to focus exclusively on the theory and practice of financial restructuring for failing corporations, drawing on multiple examples and decades of experience. Author Jeff Sands is a seasoned Turnaround Artist who has focused his career on saving businesses in trouble. Inside this book, Sands reveals the step-by-step guidelines they follow to fix even the murkiest and most complex business struggles. From day one of the crisis through a successful turnaround plan and building long-term value, this book shows how to make the most of the worst situations.
Firms in crises need strong leaders who can weather the stresses of failure, negotiate firmly with banks, identify the best legal course of action, and restructure debt--all in a matter of a few days, and at a moment's notice. Leaders whose firms are currently in crisis may want to keep Corporate Turnaround Artistry by their bedside tables. Those who have had the good fortune to avoid disaster so far would also do well to read this book.
Author Biography
JEFF SANDS is a corporate turnaround specialist who has devoted his career to saving businesses, jobs, and the communities they support. Jeff is a Certified Turnaround Practitioner (CTP) who was awarded a coveted TMA Turnaround of the Year Award in 2017, 2018, and 2019. He is a founding member of Dorset Partners LLC. which helps mid-market companies revitalize their businesses amidst serious challenges. He also pursues distressed industrial acquisitions through American Industrial Acquisition Corp (www.AIAC.com).
