Turnaround, Workout and Crisis Management Consulting
Turnaround consulting usually involves five key steps – analyze cash flow and performance, stabilize operations and identify next action steps, communicate with stakeholders to build consensus, implement the plan, and provide the environment for continued improvement. This work is usually done through the work of on-site, full-time turnaround consultants. Overall, our goal is to provide quick, constructive and cost effective recommendations regarding the critical issues facing the business.
In most engagements, the urgent and pressing need for cash demands that a near-term cash management strategy be devised by our turnaround consultants utilizing a weekly cash-flow forecast. This forecast then dictates the time available for devising solutions. While inadequate cash flow is a frequent problem, it often masks more significant underlying weaknesses in the company. Lighthouse Management Group, specializing in turnaround consulting, constructs detailed analyses that provide the basis for the appropriate action steps and that act as a road map for communicating with all stakeholders.
Case Studies:
Lighthouse Services
