Help with corporate crises (crisis management)
Every independence brings with it both opportunities and risks. To be successful means to take advantage of the opportunities in good time and to lower the risks. Crisis management is good, but crisis prevention is always better. We offer our help especially in the current economic crisis due to Corona. We know how important active and competent support is in this difficult time for all entrepreneurs. It is often a matter of putting current products or services to the test. It has to be clarified under which conditions a continuation of the company is possible. Loans or grants must be applied for. It must be checked whether and how much staff is still needed. You may have to apply for short-time work allowance for employees. In most cases, the costs have to be reduced to a necessary least. With all these questions we can and would like to support you competently and reliably with our years of experience.
Generally, a crisis does not arise suddenly. An external crisis such as an economic downturn or the current situation due to Corona are sometimes the exception. The internal home-made causes are far more crucial.
If the company is already in crisis, a comprehensive and competently planned corporate restructuring is necessary to prevent bankruptcy at an early stage. The continued existence of the company may be endangered and thus many jobs and possibly also apprenticeships. It is all the more important to turn to competent and competent management consultants for the renovation.
Many factors in the corporate process and often seemingly insignificant wrong decisions are often the prerequisites for the slow emergence of a crisis. A deterioration in the economic success and thus the operating result is usually the result and therefore constantly demands the willingness to accept compromises in operational processes and business decisions. Here are some characteristics of an impending crisis:
◾ Marks on the market
- Decline in orders
- Short payment terms with suppliers, but slower incoming payments from customers
- Restricted sales and customer acquisition activities
- High price pressure and strong competition from the competition
◾Indications in the range of services
- Serious changes in the range and product groups
- investment backlog
- Unused free capacities in production or services
- Fluctuating productivity
◾ Signs at the credit institutions
- The banks are unwilling to finance
- The financing structure is not directly tailored to the company
- Lack of communication between the credit institutions and the company
◾Notice to staff
- Insufficient capacity utilization
- Low qualifications, low motivation and high sick leave among employees
- Poor management by the management and insufficient communication
◾Financial signs
- Missing cost accounting and missing controlling, possibly also insufficient bookkeeping
- Falling equity base
- Long OPOS list and no tight receivables management
- Lack of financial and liquidity planning
- No free current account line or tolerated overdraft
When the crisis has been recognized, it is a great advantage to involve competent and competent management consultants in the restructuring of the company to precisely analyze the situation in the crisis and to develop restructuring options tailored to the respective company with a strategic and long-term perspective . Since every company is something special and unique, there can be no general solution for successful restructuring. Therefore, every renovation must be individually tailored to the respective company.
The immediate initiation of remedial measures is one of the first necessary steps to overcome a crisis, as is the involvement of third parties, e.g. B. banks, creditors and key suppliers. Your support is immediately necessary to guarantee the sustainability of the renovation concept and to master the crisis.
The timely detection and successful management of a crisis always offers an opportunity for something new, for a positive change in the company. The restructuring means a complete end to the crisis through extensive changes in all important areas for the long-term security of the company. An important goal is to change the company in such a way that the company emerges stronger from the crisis and the conditions are in place for a secure and successful future.
Please also take advantage of a free first consultation. Time is money - contact us today. We will contact you as soon as possible.
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