“I need to turn this around”
Things are ‘fine’ but could be better — or they’re not fine at all. You see the numbers, but you know the pace and pulse of the business isn’t what it could be. It often helps to get the extra push from an outside perspective.
01 · What it means
In plain English
Transforming a business can include updates, refinements or renewal: improving plans, technology, systems and processes. Our members have ‘got their hands dirty’ running businesses and have learned from the odd mistake.
If you want your business to thrive and grow, to sell it, keep it, or hand it on to the next generation, the right advice is critical.
Turnaround & restructure
Sometimes the business has a solid foundation and good people, but a big hangover debt. A formal restructure — Small Business Restructuring (SBR) or Voluntary Administration — done correctly and legally can breathe new life into it.
02 · Your options
There’s usually more than one way through
Business improvement
Systems, processes, sales and marketing that work without the boss at every step.
Turnaround & restructure
Including SBR, where eligible, and other debt restructuring.
Business coaching
From people who understand where you are and have been on the journey themselves.
Ownership transfer
Buying, selling or handing on a business — valuations, contracts, obligations post-sale.
Brand & strategy
Get the strategy right first, so the tactics take you somewhere worthwhile.
03 · This week
What to do this week
- Write down the three things that frustrate you most about the business right now.
- Pull your last 12 months of profit and loss and your aged payables list.
- Ask one trusted person outside the business what they think is wrong. Listen.
The information on this website is general in nature and does not take into account your circumstances. It is not legal, financial or tax advice.