Dear Friend:
There’s a fine line between being persistent and pushing through to success and being foolish and continuing to lose money until it runs out. When a business is struggling, it can be difficult to know when the situation is a temporary setback or when the strategy is fundamentally off-course. We believe that most companies were started with good intentions and most start-ups were a good idea. You would be surprised how many companies that succeeded for years, even decades, eventually veer off the path to profitability and find themselves stuck in a rut, or worse – completely wrecked.
In the majority of cases, a struggling business just needs a simple recovery. Think of it as a tow truck pulling your car out of a ditch, or a jump-start for a dead battery. We’ve all been there, sitting in the car and when you turn the key nothing happens. You’re stranded. Then suddenly through the kindness of strangers (or pre-planned roadside assistance), you’re back on your way happily headed toward your destination.
When a business finds itself in crisis, the solution may be that simple. You are unable to do it for yourself, but with the right equipment restarting the engine of commerce can be a simple and affordable task. In other cases, the problems may be deeper and serious damage may have been sustained in a business accident. Although no one wanted trouble, the first step is recovery before you can begin the second step of restoring your ride. Bodywork or worse, an entirely new engine, may be needed to drive you forward.
If your business is stalled at the intersection of Hope and Opportunity don’t give up.
When the going gets tough, a healthy reaction is to call for help. When big business is in deep trouble, whom do they call? You can read the headlines. They don’t call their New York law firm, their commercial bank or their Big 4 accountant. They call advisory companies that specialize in finding solutions for mergers, acquisitions or divesting. They refer to the process as exploring strategic alternatives. When small and medium-size businesses are faced with equally difficult yet more personal circumstances, where is their tow truck? Who is there to pull your business out of the ditch, refill the gas tank, jump-start the engine and send you on your way? Just like that tow truck and auto body shop, bringing a business back to life is a specialized trade. How do you want to spend the precious time and resources you do have? Who stands to benefit most from the success of your business and what is your primary expertise?
When times are tough, companies may choose to protect their corporate shell through bankruptcy. Some owners will borrow even more money to support a broken business model and give lenders even more hooks into their hide. Some troubled companies will undertake a painstaking and expensive historical analysis of everything they may have ever done wrong. You may not be able to change the past, but you can make the call and get pulled out of the ditch? Once a business has been recovered, it requires good judgment and experience to decide how to best repair it and get it back on the road.
Over half of small businesses reorganizing under Chapter 11 are ultimately liquidated.
Source: Bankruptcy Decisionmaking–Edward R. Morrison, Columbia Univ. Law School
We’ve started new companies from scratch and overseen orderly wind-downs of old companies. We’ve successfully restored companies that were considered beyond hope. Most of the companies we work with are not severely distressed, but in certain cases, we’ve been able to help companies avoid a costly bankruptcy. Our focus is primarily on increasing your company’s revenue and helping you overcome roadblocks, but if there are serious financial concerns we don’t shy away from those situations either.
Do you feel like you’re trapped in a traffic circle, but believe your business can soar? For over twenty years, we’ve been launching start-ups, restructuring and renewing companies. Two things that most owners underestimate are the importance of a crystal clear strategy and the value of early intervention. If you’re concerned about the cost of restoring vitality to your business, we have affordable plans that will mesh with your circumstances.
If you’re worried about your company, but think you can’t afford it, then we really should talk. What would a rock-solid, thriving business be worth to you?
Sincerely,
Dave Harrison
P.S. Send an email and tell us how we can help you. increasesalesguaranteed@gmail.com