Regaining Profitability: Five Key Steps to a Successful Turnaround

Kelley A. McLaren and Luis Lluberas were part of the team that brought Bost Distributing back to financial viability, arranged for a sale and rebranding and saved the jobs of more than 50 workers. For their efforts, the TMA honored the team with the Small Company Turnaround of the Year award. McLaren and Lluberas offer five steps for a successful turnaround that can be applicable to all companies, large or small.