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Distressed Businesses

KSBDC Business Transformative Consulting

Distressed companies face an uphill battle when determining strategies for restoring profitability.  Addressing the financial and operational difficulties requires swift and appropriate measures.

Our management consultants are a valuable resource for distressed companies and their stakeholders.  We have provided transformative consulting services in a wide range of situations and across diverse industries.

Our consultants help facilitate the strategic, operational and financial actions necessary to restore profitability.  Depending upon your needs, we offer a flexible approach designed to improve your business operations and ultimately your financial performance.

We work with you to:

  • Manage the crisis situation and restore stability for the business
  • Review expenses, credit relationships, and cash flows
  • Develop cash management and debt restructuring plans
  • Define a new strategy based on market analysis, competitors and core competencies
  • Develop a new business plan for going forward
  • Identify methods for improving organizational structure and staffing levels
  • Develop reorganization plans and forecasts of future performance
  • Identify key performance measures and track progress weekly

Our assistance is designed to position your company for survival by enabling you to:

  • Continue operations while managing debt
  • Reshape the organization for improved efficiencies and profitability
  • Realign expenses
  • Improve operational performance
  • Foster development of new management methods to control and manage your business

The KSBDC operates as an extension of your management team, providing constant guidance that allows your company to navigate its way out of distress.  We enlist the support of your stakeholders by promoting open communication.  We have a proven track record of developing credible financial and operational plans while guiding our clients to achievement of those plans.

For more information contact Gordon Garrett at 859.257.6957 or gmgarr2@uky.edu.