Tag Archives: turnaround

Other People’s Money: What Turnarounds Teach Us About Working with Lenders when a Deal Goes South

While lenders carefully scrutinize companies seeking to borrow money, borrowers rarely exercise the same due diligence to screen potential lenders. No one embarks on a business venture planning to fail, but it does happen. Bayard Hollingsworth advises borrowers to investigate the ways lenders handle a deal that goes wrong before accepting other people’s money.

Loan Losses and a Lender’s Stages of Grief: How Turnaround Pros Can Guide Lenders from Depression to Resolution

Now and then, despite due diligence and careful underwriting, a loan goes bad. Patrick Walsh describes the five stages of grief that a lender passes through when a loss seems imminent and suggests ways that a turnaround professional can help the lender work through these stages and achieve a positive outcome.

The Communication Protocol: An Important Component of a Business Turnaround

The initial stages of a turnaround can be chaotic for both the consultant and the stakeholders. Establishing a communications protocol at the start of the engagement can create an orderly process that keeps everyone updated in a timely fashion. Patrick Walsh provides a protocol and explains how management, lenders and the consultant will benefit from using it.

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.