C4.0 Troubled Business: Introduction to Turnaround90 (T90)

Is Your Business Enterprise Experiencing Financially Tough Times?

It is a sad fact that many enterprises, both large and small, for and not-for profit, hit tough times and often don’t survive.
If you are experiencing tough times, this Campaign is designed to help by:
(1) Rapidly stabilising your business to reduce further damage and then
(2) Demonstrating the next steps to get out of your rough patch

It is designed to carry out within a 30 day period of intense activity so that your whole team can stay focused. This can vary at your discretion.
It should be used in conjunction with your professional advisers who are more familiar with the particulars of your business.
If your situation is urgent, discuss your options immediately with your professional advisors.

Turnaround90 is a yellow belt Campaign.

C4.1 Turnaround90: Rapid Stabilisation of a Business in Trouble

Many businesses, both large and small, hit tough times and often don’t survive. If you are experiencing tough times, this article examines methods of (1) Rapidly stabilising your business and then (2) Turning around, a business that is experiencing a tough patch.  It is designed to carry out within a 30 day period of intense activity. The turnaround will happen as quickly as possible. 

Rapid Turnaround in 30 Days (T90) is one of 12Faces’s business strategy training plans. (yellow belt).

SM6.4 Profit Autopilot Business Model Video 2

Profit Autopilot is our simple and quick to use method for configuring your business to give you the profit and the salary that you want.

By starting out from these two goals and working backwards, you can quickly see if your business already meets those goals.

If not, you will have a clear demonstration of what needs to be done to achieve them.

Our two part video series is a quick introduction to tuning your business once Part 1 has indicated what you need to work on.

Watch Profit Autopilot Video 2 here – 15 minutes

SM6.3 Profit Autopilot Focused Business Model Video 1

We have a two part video series on Profit Autopilot that gives you a quick introduction to the power of the Profit Autopilot approach.

Video 1 introduces how quickly you can decide if your business will provide you with the Profit and Salary that you want.

If not, it explains how to tune your business to achieve these goals.

Watch this 8 minute video on the link below

SM6.6 Profit Autopilot “Piggy Banks” Video

We have a 15 minute video on the use of Profit Piggy Banks as part of the Profit Autopilot  series.  

The Video gives you a speedy introduction to how the Piggy Banks work and why they will reduce your stress over bill paying.

They help to ensure you have money available when needed to pay bills as they fall due.

Watch this 15 minute video on the link below

SM6.7 Profit Autopilot Wrap-up and What’s Next

Congratulations.  You have reached the fourth and final part of the Profit Autopilot project.

By now, you will know how to be confident that your business will produce the Profit and Salary YOU “Desire” and you have learned how to have sufficient cash available when payments have to be made.

Both of these will enormously reduce the stress you face as a business operator and make the whole experience a bit more comfortable.

SM6.5 Profit Autopilot “Piggy Banks”

By the time you have reached this point in this 4 part series on Profit Autopilot, you have learned how:

  • To be reasonably confident of making a predicted Profit and paying yourself a Salary.
  • To be confident that you will have sufficient money to pay your Tax and at least break even at the end of the year.

This assumes that you have amazing willpower and do not spend the money that is ear-marked for Profit on something else.

The next step is to make sure that you get this willpower automatically and that is where the Autopilot part of the Profit Autopilot comes into play.

NOTE:  

There is a 15 minute video available: SM6.6 Profit Autopilot “Piggy Banks” Video

Listen to the recording below, or, head straight into the written document.

SM6.2 Profit Autopilot Focused Business Model

12Faces Profit Focused Business Model will show you how just 7 numbers will let you be fairly confident of achieving the Profit and personal Salary you desire.  In turn, this will help to reduce one of the major causes of stress in smaller businesses – “will I make a Profit and will I be able to pay my bills”?

SM6.1 Profit Autopilot – Background Information

Among the largest contributors to the failure of both small and larger businesses, are either, they fail to make a Profit or they incorrectly account for their cash and run out of money to pay their debts and tax liability.

This is particularly acute in small businesses where the owner/operators do not necessarily have much experience in financial matters and find themselves in an unexpected cashflow crisis.

The Profit Autopilot Skills Module turns conventional accounting on its head by starting with a focus on Profit first.  It also introduces a simple set of “Piggy Banks” that give you a “set and forget” approach so that when tax and other expenses become due, you have sufficient funds to pay.  And, along the way, you have also taken out not only a Wage but a Profit as well. 

SM6.0 Profitable Business Autopilot – Introduction

Among the largest contributors to the failure of both small and larger businesses, are either; they fail to make a Profit: they don’t have a profitable business.  or they incorrectly account for their cash and run out of money to pay their debts and tax liability.    This is particularly acute in small businesses where […]

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