When a business is failing, it may become difficult for management to develop workable solutions for turnaround. For this reason, it can be vitally important to hire an outside advisor to help identify trouble areas and formulate corrective measures. From finance to operations and personal, the challenge requires a comprehensive analysis and frank discussion with ownership, management, employees and other stakeholders.
The CPAs of Hunter Group have in-depth knowledge of business best practices and offer advisory services to assist owners in their turnaround management plans.
We can help develop the appropriate research, planning and strategy you may require, including:
- Forensic accounting and budget analysis
- Cost containment strategies
- Accounting systems and controls analysis
- Tax planning
- Workout strategies and consultation with lenders, debtors
- Operational analysis
- Strategic and business planning, including SWOT
- Branding and other marketing and communications issues
In addition, if restructuring is not feasible, your Hunter Group team can assist in finding the best resources for dissolution or sale of your business, with a specific concern for the desires of the owners. In some instances, it may be maximization of value for the owners. For others, the preservation of jobs for key employees may be the overriding concern.
If your business is experiencing struggles that are beyond your ability to manage, please give us a call for a confidential, no obligation and no-charge conversation.