Services Provided For Companies

The management of an underperforming company is often confronted with many challenges to reverse whatever stage of decline they are facing. This is especially true when a lender or other constituent recommends the use of a specialist as an additional resource to help solve their problems. We recognize how difficult the decision to retain an outsider can be since it may be viewed as another distraction and an added cost at a time when cash is scarce.

In these situations, management is challenged with getting everything done fast since time is tight and money is normally tighter. Management also recognizes that they can't afford the luxury of devising elaborate strategies and plans and expecting flawless execution.

To succeed, an external change agent is often required to effect meaningful and long lasting change since experienced professionals:

• Bring a sense of independence and urgency to stabilize or assist in stabilizing operations and cash flow.

• Allow the company to buy the need time to develop a credible turnaround plan that can be supported by lenders, vendors and shareholders.

• Focus the company's efforts on present realities, fix only that which is broken and concentrate their initial efforts on those areas of most significant strategic benefit to both cash and profitability.

The services GrandWest could provide to the management of an underperforming company would include:

• Turnaround Consulting

• Financing Strategies

• Performance Improvement

• Crisis Management