Business Restructuring Procedures
We give you practical business restructuring procedures that you can use with any financially distressed business. Our guide is for business restructuring consultants, executives and business owners. In addition, this guide will be useful to career-changers interested in the business-restructuring field.
In a business restructuring, you will need to have in place a trusted leadership team. This team should not be the same one as what got the firm into trouble. We recommend that you remove any leader on your team that is not open to radical change or unwilling to support you through the business restructuring.
Once your team is in place, these are the business restructuring procedures you should follow:
As mentioned above, the best guide available on this subject is The Insider Secrets to Saving Your Business: The Step-by-Step Turnaround Guide. This business restructuring guide explains in detail turnaround planning, debt reductions, assets sales, collection procedures and employee motivation.