Business Turnarounds
At 7619 Group, we understand that for an entrepreneur, moving on from their business can be an extremely stressful time. The exit holds major implications on their personal lives and the livelihood of their business moving forward.
However, we also recognize that many businesses may be in a distressed state, with poor cash positions, debt, or a need for a turnaround. In these situations, it can be difficult for the business to fund outside assistance, and many owners may feel overwhelmed and uncertain about the future of their company. That’s where 7619 Group comes in. We specialise in helping businesses turn their cash flow around and put strategies in place to increase their bottom line. We do not charge any upfront fees, but instead, we look for ways to improve the business so that we can benefit financially only if we achieve significant and agreed-upon results.
Our strategies are often unknown to accountants and financial advisors, but they can generally increase a company’s value by 2-5 times and significantly improve cash positions within a matter of weeks. By working with a business owner, we can spot problems and implement solutions that may not be visible to current management and owners as they are often too close to the subject. When a business is deeply involved in its own problems, it can be challenging and extremely stressful to turn things around, especially when there are mounting debts and personal guarantees in place. In extreme cases, insolvency may seem like the only option.
At 7619 Group, we take a holistic approach to turnarounds. We begin by stabilising cash flow and calming things down with creditors. From there, we conduct a series of tests to diagnose “business problems” and recommend solutions. We prepare a cash forecast, develop written turnaround plans tailored specifically to the company, and prepare a series of action items to help implement the plans and guide the turnaround to a successful conclusion. Speed is of the essence when it comes to distressed businesses, so the faster we can devise and define the plans and strategies, the better. If you find yourself in this position, don’t hesitate to contact us for a free, confidential conversation about how we can help. We’re here to guide you through the process and alleviate the stress and uncertainty of turning your business around.