6 Areas of Focus for Troubled Companies
Most troubled companies share a common denominator: excessive debt and management indecisiveness. That doesn’t mean lack of desire to perform. It does, however, mean that there have been some fundamental issues, strategy mistakes or procrastination among senior management in the months or years leading up to that point. You could write several books on the lists of reasons that companies get into trouble and in a career of restructuring troubled companies, there are many stories to tell. In this article, we discuss 6 areas of focus for a troubled company:
1. Cash management
2. Profit and profitability
3. Controlling costs
4. Fixed Assets and Inventory
5. Accounts Receivable
6. Debt
