What is a Business Turnaround?
Business turnaround is a careful planning and management of a change in business direction, structure, focus and/or operation, that results in a more favourable financial or business position.
How would Turnaround Professionals save my business?
We would take the following steps:
- Gather the information we will need
- Write a recovery strategy
- Negotiate with your creditors
- Collect money that’s owned to you
- Strategically restructure your debts
- Help you develop a Turnaround Strategy
- Provide professional marketing advice
- Restructure and reposition your business
- Sell down your business assets
- Negotiate better terms of credit
- Help you to financially justify a renewed investment
- Write an Information Memorandum for a new investor
What approach will Turnaround Professionals take?
Our aim in the first place is to save your business, and we will always look at that first. If it happens that the business is beyond saving, we’ll do what we can to make sure the directors are positioned to best protect their personal assets. See Section — Pre-Insolvency
How much time do we have?
If you are under pressure, you should act promptly — do not delay, call us on 1300 518 070. Unfortunately, many people under pressure wait until it is too late to take action, but given time, we may be able help you to turn your business around. If the business is beyond help, we can always help you protect your interests and make the most of any situation.
How would Turnaround Professionals restructure my business?
We will help you to reposition and restructure your business only if we agree with you that it is the appropriate strategy for your situation and the market conditions, on basis of our written and financially modelled Turnaround Strategy.
How would Turnaround Professionals collect money that’s owed to me?
We would refer you to an experienced debt collector associate who gets paid only if he or she collects your money for you.
How would Turnaround Professionals refinance my business?
We would prepare an Information Memorandum (IM) based on our Turnaround Strategy, which will help you to justify additional private investment in your business. If our agreed strategy suggests that institutional refinancing is appropriate, we have access to financiers who can arrange many kinds of unconventional loans.
How will Turnaround Professionals negotiate better credit terms?
We have successfully negotiated many very favourable deals for our clients. Negotiation is one of our core strengths.
What if my business can’t be saved?
We can support you and protect your interests so that you can make the most of your situation (see Pre-Insolvency).
How much would a TAP Turnaround cost?
First consultations are free, where we gather information to understand your situation and develop a plan of action. If you agree to proceed, we then prepare a written strategy document aimed at resolving your situation. Our fee for preparing this paper is based on our assessment of the complexity of your solutions and the support activities that are involved.
In most cases the document will incur a once-only charge, the amount based on the nature and level of support services and the complexity of your situation. In the case of a potential Business Turnaround, our strategy is likely to include a list and schedule of further actions that may be required, with line cost estimates for the individual additional services. Business turnarounds are usually the start of an ongoing long-term relationship, where we continue to work with you to expand and develop your business. In any event, our aim in the first place is to take away your worry and stress — to put you back in charge of your situation and in control of your future. If your particular situation suggests that a different service or fee arrangement is appropriate, we will discuss this with you and obtain your approval prior to commencement.
We Specialise In Eradicating Financial Problems. Now Let Us Help You.
Are you feeling completely overwhelmed? Do you feel like there’s no hope for the business you’ve poured your heart, soul and savings into? Does it feel like you’re alone, battling against a horde of creditors and unpaid bills?
Well, we’re here to help. We want you to know that you’re not alone and there IS hope. At Turnaround Professionals, we specialise in saving distressed businesses all around Australia with fast, workable solutions to eradicate your financial problems and get you back on track.
About To Give Up Hope On Your Business? It’s Not Too Late.
The symptoms are always the same. You put more and more work into your business to no effect. You work longer and longer hours and yet the bills keep piling up and every phone call makes you jump, wondering if it’s yet another person asking for payment. But the thing is, the problem isn’t your product or service. More hours aren’t always the fix.
There are simple, concrete steps you can take with the financials of your business that will make a world of difference. What you need isn’t to work harder or to stress more. What you need is solid financial and business advice to help you pay down your debts, streamline your business and start making profit again. And that’s where we can help.
Here’s How We’ll Bring You Back From The Brink Of Bankruptcy:
REMEMBER! When facing bankruptcy every second counts. What you do in the next 24 hours could very well determine the fate of your business and quality of life. Simply fill in the form below and one of our specialist financial distress business coaches will get in touch with you right away.