by Simon | Jun 8, 2020 | Turnaround Management
A “normal” turnaround environment just managing financial distress looks relatively straightforward compared to the situation many boards and executive teams are addressing as the world emerges from lockdown and economic hibernation. With the addition of massive and... 
by Simon | Sep 26, 2017 | Turnaround Management
The urgent need to recruit a CFO is a common occurrence in a turnaround with the exit of the incumbent often the catalyst to drive change. Unfortunately a desire from stakeholders to find the “forever” CFO to drive a turnaround and long term performance... 
by Simon | Mar 2, 2017 | Turnaround Management
Most recently on this blog we discussed New Year’s resolutions to complete a turnaround. Alternatively (and somewhat gloomily) reflection in the New Year may also cause pause for the thought that a turnaround is no longer possible while continuing will only... 
by Simon | Jan 8, 2017 | Turnaround Management
As corporate Australia returns from a beach or snowy mountain somewhere, its also a good time to consider any turnaround plans for 2017. The break over summer provides an opportunity for management and boards to clear the head, reboot strategy and renew focus on... 
by Simon | Nov 18, 2016 | Turnaround Management
Despite and perhaps because of the risk and uncertainty in the economy and financial markets, in Australia there is a growing amount of private money investing in turnaround opportunities in the mid market. This private investment is coming from wealthy families and... 
by Simon | Sep 27, 2016 | Turnaround Management
Every turnaround process lives and breathes on cash flow! Quickly pulling “cash levers” may well be essential to survival especially when trading is marginal or loss making. Cash levers: “Buy time” until there is a turnaround in operations or...