Description
Book SynopsisHow to steer your business through times of financial distress and achieve sustained profitability
Corporate Turnaround Artistry is a complete guide for entrepreneurial companies in times of financial distresspresenting effective strategies and proven methods to revive and rehabilitate your business. Uncertain economic times have significantly altered the financial resources available to struggling businesses. Narrowing margins and mounting internal and external pressure has taken their toll on many companies. Fortunately, most businesses can be repaired while maintaining their existing revenue structure. Offering practical steps that go beyond simple cost-cutting and sales-building advice, this invaluable guide teaches you how to control cash, secure financial relief, and develop a comprehensive turnaround plan that your employees, customers, and creditors will support.
Business leaders and entrepreneurs often fall into the trap of assuming new debt when
Table of Contents
About the Author ix
Foreword xi
Professor Kenneth P. Walsleben
Preface xv
Acknowledgments xix
Chapter 1 Understanding Corporate Turnarounds 1
Chapter 2 Crisis Leadership 45
Chapter 3 Controlling Cash 73
Chapter 4 When Banks Attack 103
Chapter 5 Turnaround Management 141
Chapter 6 Arsonists and Regulators 171
Chapter 7 Insolvency and the Law 189
Chapter 8 Debt Restructuring Out of Court 237
Chapter 9 Strategic Exits 261
Chapter 10 Building Long-Term Value 279
Resources 297
Bibliography 299
Index 301
