One day your business is growing and you feel as if you’re on top of the world. You believe that you understand your business and everything associated with it. Then the next day you find your sales have stopped growing, or perhaps even worse-- you’re concerned that you might not make payroll.

            Small Business Turnaround is a comprehensive operating manual that helps any small business identify and resolve the different and diverse issues needing to be addressed. Then it goes one step further, taking you through the steps to become even stronger and more profitable than you were before, providing insights from top professionals in legal, accounting, finance, human resources and other areas that have experience in handling distressed companies.

Business do not get into trouble overnight. There are numerous telltale signs that you should be aware of. Small Business Turnaround provides a list of such warning signs, such as:

•               Employees arrive late and leave early
•               The competition is out flashing you
•               Sales and profits are stagnant or slipping
  

DEVELOPING A COMPREHENSIVE PLAN

Many great entrepreneurs never wrote a business plan until their company was on the brink of disaster. A good business plan allows everyone in the company to see the needs that must be satisfied and the hurdles that have to be crossed to attain the company’s goals. Small Business Turnaround shows you how to write a business plan, a marketing/sales plan, and an operating plan.

LETTING PEOPLE GO

When you run a Fortune 500 company it’s easy to let a thousand people go because they’re only numbers on a spreadsheet. You can change the formulas on your spreadsheet and suddently you’re profitable. Unfortunately in a small business you know the employees as people and are aware of their day-to-day struggles. Small Business Turnaround show you how to handle the most gut wrenching part of fixing an ailing business; the letting go of good people while still retaining a core group to keep the business alive.

PICKING QUALITY ADVISORS
Troubled companies need experienced legal advisors and accountants; people who know how to deal with angry bankers, vendors and taxing authorities. Small Business Turnaround shows you where to find these professionals and how to evaluate them.

GETTING VENDORS ON YOUR SIDE
Every business, at some point, goes through a period when they cannot pay their bills. Small Business Turnaround guides you through the difficult process of informing your vendors about your current situation. It guides you on how to handle the problems in order to return to profitability so your vendors work with you and not against you.

.