The secret to a successful business turnaround is full stakeholder participation. When everyone does their part, solutions are easier. Results come faster and recoveries are greater.
Business owners need the skills and courage to maximize cash generation and profits. And if they do that we can convince the stakeholders to do their part; Lenders will keep lending, Customers will keep consuming, Workers will keep working and Suppliers will keep supplying. A well crafted and presented turnaround plan can gain that critical support when it is needed most.