Posted by: Hysam Darwan | August 6, 2015

Business Turnaround 101

Tom Carlson

Tom Carlson’s Latest Blog Post

tom-carlson-business-turnaroundTom Carlson is a CPA and CIRA that focuses on business turnaround. in this article you will learn the basics of business turnaround and how it can affect companies. It is true that businesses can face troubles that can occur for various reasons but it is important to have all the facts and make rational decisions based on facts and evidence. Problems can occur due to internal issues, the external market, or due solely on cash problems. Below are helpful definitions and key terms to help a business that may be facing some unfortunate circumstances.

Covenant Default:

  • Imminent covenant defaults lead creditor groups to organize and renegotiate terms and conditions of credit agreements

Liquidity and Cash Management:

  • Development of short-term cash forecast
  • Aggressive cash management and cash preservation
  • Liquidity enhancement
  • Working capital assessment
  • Supplier and customer reviews

Liquidity Constraints:

  • Liquidity becomes constrained limiting a company?s…

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