Executive and Team Coaching, Leadership Coaching, Mentoring - Strategic Planning - Board Service

Turnaround Management – Cash Flow

 Turnaround Management, Venture Capital  Comments Off
Sep 282008
 

Dr. Earl R. Smith II
Managing Partner, The Federal Circle
DrSmith@Dr-Smith.com
Dr-Smith.com

In business, as the old saying goes, in business cash is king. This is particularly true for companies in distressed situations. A cash flow statement is a snapshot of a company’s situation and a ‘reality check’ measure of its ability to meet its obligations to creditors and investors. Cash flow projections are a description of the company’s ability to continue doing that. Every experienced turnaround professional begins with a detailed survey of the cash and cash flow situation. Continue reading “Turnaround Management – Cash Flow” »

Share
 Posted by Dr. Earl R. Smith II at 3:19 PM

Turnaround Management – the Income Statement

 Turnaround Management, Venture Capital  Comments Off
Sep 282008
 

Dr. Earl R. Smith II
Managing Partner, The Federal Circle
DrSmith@Dr-Smith.com
Dr-Smith.com

In a prior article, I described how management of the balance sheet is important in efforts to turn a company around. In this one, I would like to mention a few issues that affect the income statement and describe managing them will advance any turnaround efforts. Continue reading “Turnaround Management – the Income Statement” »

Share
 Posted by Dr. Earl R. Smith II at 12:12 AM

Turnaround Management – the Balance Sheet

 Turnaround Management, Venture Capital  Comments Off
Sep 222008
 

Dr. Earl R. Smith II
Managing Partner, The Federal Circle
DrSmith@Dr-Smith.com
Dr-Smith.com

A good turnaround plan attacks problems on several fronts at once. It also recognizes that some issues need to be resolved prior to moving on to others. One of the first places that any turnaround effort should focus is on the company’s balance sheet. Many companies, which find themselves in difficulty, have evolved balance sheets that are ‘upside down’. By that, I mean a growth in liabilities and a reduction in assets. Continue reading “Turnaround Management – the Balance Sheet” »

Share
 Posted by Dr. Earl R. Smith II at 7:07 PM

Turnaround Management – Initial Steps

 Turnaround Management, Venture Capital  1 Response »
Sep 222008
 

Dr. Earl R. Smith II
Managing Partner, The Federal Circle
DrSmith@Dr-Smith.com
Dr-Smith.com

No company plans to fail or to find its way into difficult situations – but it happens all the time. Over the years, I have worked with a range of companies that were facing the need to turn things around. The paths that they traveled to reach such a desperate condition were varied but the best ways out had a lot in common.

Times of corporate distress present special and strategic challenges to management, the board of directors, shareholders, employees and the sources of financial resources so critical to a company’s success. At the extreme, a company may be in either bankruptcy or nearing bankruptcy. Most often, there is a great deal of uncertainty arising from one or a number of problems – with bankruptcy only the last option. Continue reading “Turnaround Management – Initial Steps” »

Pages: 1 2 3
Share
 Posted by Dr. Earl R. Smith II at 11:29 AM
 Newer Entries

Bad Behavior has blocked 868 access attempts in the last 7 days.