Are You or Your Business Troubled?
It is a sad fact that many enterprises, both large and small, hit tough times.
A troubled business often doesn’t survive
If you are experiencing financially troubled 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
Our Turnaround90 (T90) Course is designed around a 90 day GamePlan so that your whole team can stay focused. This can vary at your discretion.
T90 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
Support at Troubled Business's Most Difficult Time
If your business is failing, it will be one of the most difficult and stressful times of your business life.
It’s a terrible time to have to research what’s wrong and how to fix it.
Some estimates are that 50% of new businesses fail in their first 12 months. What a terrible waste of time, energy, and money not to mention the impact on friends and family.
Don’t waste critical, irreplaceable, time on working out what to do. Immediately tap into the experience of others and get working on solutions right away. In the worse case, you may only have weeks of cash flow left before you fold; forever!
Five Troubled Business Focus Areas
T90 guides you through:
- The 5 areas within your business that need your attention.
- How to prioritise what to do next to have the biggest positive impact. It varies from business to business.
- Speed is critical as you are racing against your cash burn rate. Coming second in that race can mean the death of your business. See how to get maximum impact as fast as possible.
- Sometimes, the problems are just too big and you need to exit. Our resources can help you face that sad decision.
T90 Contents List Displayed Below
Next Steps
Pick the most relevant topic from the list below for your next step. But always take time before moving on to think about what you covered in this topic so you start to move from problems to solutions.
A handy way to reinforce what you have covered is to write down notes on what the topic just covered means for you and what issues it raises for you to study next.
Moving rapidly through this material without taking time to consider what it means in your particular situation means you will not progress very far with solving your problems.
For more help on how to fix issues, use the 12Faces Diagnostic System to drill down to root causes of problems and find solutions.
- C4.1 Turnaround90: Rapid Stabilization of a Business in Trouble
- C4.2 Plan & Execute
- C4.3 Boost Income
- C4.4 Reduce Operating Costs
- C4.5 Reduce Overhead Costs
- C4.6. Cash Flow Management
- C4.7.1 Locate Business Problems and Measure Change
- C4.8.1 Intro to Options When Turnaround Fails
- C4.9.1 Intro to Longer Term Strategies
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More on GamePlans for Newcomers
12Faces is a systematic method to building a repeatable approach to the;
- planning systems required to drive your business success which we base on a 90 Day GamePlan Cycle. This plan is executed in a number of 1-2 week Sprints and
- effective and efficient Routines to execute the regular tasks like e.g. marketing, accounting, billing etc that make your business a success
For Newcomers, visit our Introduction to these powerful tools
This article was provided by Scott Williams AO FAIDC. It describes the way best practice in many management areas has been brought together in the 12Faces GamePlan System. The Goal is to provide an easy to use and repeatable “flywheel” to improve small business owners’ outcomes. Scott is the Founder of NFP small business support services 12Faces and MentorSME and has a Philanthropic Foundation supporting students in education. Scott’s business Petals Network was National Small Business of the Year and 4 times in the Top 100 Fastest Growing Australian Businesses LinkedIn
Prefab GamePlan Library & More
T90 is just one of the many prefab GamePlans and other resources incorporated in our Pricing Plans.
You also access the spreadsheets used to estimate trends, suggest what to do next and forecast the impact of any changes you are thinking of making
Learn more about the resources on offer to boost your business.
Click on Pricing Plan button below.
Got Questions on The Troubled Business Program?
Are you uncertain if T90 suits your business? Or, do you just want clarification of some part of the program. Then, either Contact Us on the email link below or Request a FREE, no obligation, 15 minute Video Conference (AU time zones only).
Our advice is general in nature because we do not know the specifics of your business. For specific advice, always consult a professional.