{"id":206,"date":"2024-03-04T23:48:03","date_gmt":"2024-03-04T23:48:03","guid":{"rendered":"https:\/\/tempchefs.nl\/?p=206"},"modified":"2024-03-04T23:51:01","modified_gmt":"2024-03-04T23:51:01","slug":"business-has-changed-now-what","status":"publish","type":"post","link":"https:\/\/tempchefs.nl\/index.php\/2024\/03\/04\/business-has-changed-now-what\/","title":{"rendered":"Business Has Changed. Now What?"},"content":{"rendered":"\n<p>If you\u2019re like most business owners, you\u2019ve sacrificed a lot for your company, worked long hours, juggled payroll and vendors, and missed family events. Until recently, the business did OK!<\/p>\n\n\n\n<p>But, today, things have changed.<\/p>\n\n\n\n<p>The past few years have been tumultuous for the business and financial markets. The \u201cCovid Recession\u201d brought with it considerable contraction and upheaval for many companies. An improving economy has posed its own challenges as efforts to shed excess capacity and to deliver have left many business owners unable to meet the rising demand.<\/p>\n\n\n\n<p>You certainly didn\u2019t plan for this to happen, but your business is struggling. . . and the pressure is mounting.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.cmgaccountants.co.za\/change-management-turnaround-rescue-operation\/financial-distress-chart-jpg-page-1\/\"><img decoding=\"async\" src=\"https:\/\/www.cmgaccountants.co.za\/wp-content\/uploads\/2017\/09\/Financial-Distress-Chart-jpg-Page-1-1024x642.jpg\" alt=\"\" class=\"wp-image-192\"\/><\/a><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\">&nbsp;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">What\u2019s the answer?<\/h2>\n\n\n\n<p>A guided turnaround works well for business owners who realize that trying something different is better than continuing on the present course and risking the life of their business.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>Status quo\u200a\u2014\u200ayou know\u200a\u2014\u200ais Latin for \u2018the mess we\u2019re in.\u2019<\/em><br><em>\u2014&nbsp;Ronald Reagan<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Before reaching out for professional help, you naturally have questions, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2018What exactly is involved in a turnaround?\u2019<\/li>\n\n\n\n<li>\u2018What about my reputation in the community?\u2019<\/li>\n\n\n\n<li>\u2018Is there a proven strategy I can rely on?\u2019<\/li>\n<\/ul>\n\n\n\n<p>We\u2019re passionate about helping you maximize and solve your financial opportunities and challenges, at an affordable cost and in an empathetic manner.<\/p>\n\n\n\n<p>Our business is your business and we are dedicated to working with owners to develop a specific turnaround plan to get you back on the right track.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Turnaround Process<\/h2>\n\n\n\n<p>A guide to accomplish this is the Turnaround Roadmap. Our experiences are based on our decades of experience of managing businesses through tough times and helping owners revitalize their companies.<\/p>\n\n\n\n<p>The&nbsp;<em>Turnaround Roadmap<\/em>&nbsp;is particularly effective for business owners who have the following characteristics:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A strong work ethic and the will to succeed;<\/li>\n\n\n\n<li>Maturity to know their company needs something other than more money to heal itself and stay healthy; and<\/li>\n\n\n\n<li>Manage a business with annual revenue of R20 Million to R100 Million.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Our Services<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Turnaround Services<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Assessments of problems and development of alternative corrective action plans<\/li>\n\n\n\n<li>Business turnaround and planning<\/li>\n\n\n\n<li>Revenue and margin optimization<\/li>\n\n\n\n<li>Financial modeling and projections<\/li>\n\n\n\n<li>Cost reductions and downsizing\/rightsizing<\/li>\n\n\n\n<li>Negotiations with lenders, creditors and customers<\/li>\n\n\n\n<li>Refinancing and capital acquisition<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Performance Improvement<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Operational assessments<\/li>\n\n\n\n<li>Industry positioning<\/li>\n\n\n\n<li>Marketing plans and margin improvement<\/li>\n\n\n\n<li>Integration and streamlining<\/li>\n\n\n\n<li>Productivity improvements<\/li>\n\n\n\n<li>Product line rationalization<\/li>\n\n\n\n<li>Cost accounting margin validation<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How Does This Work?<\/h2>\n\n\n\n<p>When you hire us as your turnaround consultant, we will develop a custom turnaround plan for your business and help you implement it.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>First<\/strong>, we will stabilize your cash flow so we can calm things down with your lenders and creditors.<\/li>\n\n\n\n<li><strong>Second<\/strong>, we will conduct a series of tests to diagnose your business problems. Based on the results, we\u2019ll recommend solutions, prepare a cash forecast, and develop a written turnaround plan for your company. We have the ability to not only analyze financials but also the operations of the business.<\/li>\n\n\n\n<li><strong>Third<\/strong>, we will prepare a series of action items and help you implement them as you guide the turnaround to a successful conclusion.<\/li>\n<\/ul>\n\n\n\n<p>Our turnaround assessments can typically be completed in approximately one month. In difficult cases, additional time may be required.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Turnaround Experience Matters<\/h2>\n\n\n\n<p>If you were looking for a medical specialist to treat a life-threatening condition, you\u2019d naturally want one who knows what he\u2019s doing. We\u2019ve been doing turnarounds for a long time and have the expertise and industry credentials to prove it. A long list of clients have successfully turned their companies around and regained their profitability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to Get Started<\/h2>\n\n\n\n<p>The first step is a complimentary two-hour discussion. This enables you to learn more about the turnaround process and what is involved. This discussion will also allows you to learn more about us and how we can help you.<\/p>\n\n\n\n<p>You\u2019ll know at the end of the call if the chemistry is right and if you want to proceed.<\/p>\n\n\n\n<p>Please <a href=\"https:\/\/tempchefs.nl\/index.php\/contact\/\">contact us<\/a> to schedule the initial discussion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re like most business owners, you\u2019ve sacrificed a lot for your company, worked long hours, juggled payroll and vendors, and missed family events. Until recently, the business did OK! But, today, things have changed. The past few years have been tumultuous for the business and financial markets. The \u201cCovid Recession\u201d brought with it considerable &#8230; <a title=\"Business Has Changed. Now What?\" class=\"read-more\" href=\"https:\/\/tempchefs.nl\/index.php\/2024\/03\/04\/business-has-changed-now-what\/\" aria-label=\"Read more about Business Has Changed. Now What?\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-206","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/posts\/206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/comments?post=206"}],"version-history":[{"count":4,"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/posts\/206\/revisions"}],"predecessor-version":[{"id":210,"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/posts\/206\/revisions\/210"}],"wp:attachment":[{"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/media?parent=206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/categories?post=206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tempchefs.nl\/index.php\/wp-json\/wp\/v2\/tags?post=206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}