Like finding a turnaround coach, first talk with your individual and professional contacts to get their recommendations for turnaround consultants. If you are turning your company around yourself, then you must have a turn around coach. The hard part is dealing with those supervisors no longer on the senior executive team. Think about an iou management enterprise to save you time and money. As you review your new stock numbers, you will probably find that you hold too much stock that does not sell and create too little inventory that does. Fortunately, there are nontraditional options that will take the risk on your business. Furthermore, the legal forums may require you to attend courses on how to manage your money before you get ok for corporation bankruptcy. The probably counteroffer are going to be lower than this and will ask for a concession in return. As you may recall, Lesson 3 covered cash control and spending ok procedures in detail. Finally, when you've a large department you might want to hold a series of meetings at different locations to speak to everyone.

Make sure that you review reports of your small business's working capital position weekly. Additionally, get home a little early on Friday, and take your spouse out for a dinner and a movie. By producing these standards now, you will be able to use them as your excusefor separating current relatives that are part of the small company's current problems. Consequently, you must repair your company and not just put a band-aid on your book of account. * Review results versus target with emphasis on available funds. If you desire to remain the corporation's leader and simultaneously get liquidity for your equity stake, then an IPO can be a good alternative for you.