Achieving results in the second decade of the 21stcentury requires a refined approach which will work within this challenging economy. As a proven business turnaround specialist, DKT Consulting’s primary focus is on improving the cash flow of our clients in as little as 4-8 weeks. Our business turnaround services begin with our initial assessment of the condition of the business to establish:
- The viability of a turnaround
- The breakeven point for your business
- Cost restructuring required to assure viability
- The viability to avoid a bankrupt filing
- A recommendation for the business to move forward
If at all possible, we will take you through an “informal bankruptcy process”. This phase begins with the reestablishing of a workable relationship with your employees, customers, bankers, vendors, creditors, and investors. The morale with your employees must be addressed right-away, and we will.
Simultaneously we are engaged in the process of improving your cash flow through cash management, the development of new or improved revenue streams, improving operational efficiencies, developing vendor & loan restructuring plans, establishing sound staffing levels, and evaluating fixed costs for a multitude of cost reduction strategies.
While all efforts are taken to avoid the formal bankruptcy process, DKT Consulting is here to guide the company’s management through this process by:
- Providing recommendations of at least three law firms that specialize in bankruptcy proceedings to be interviewed by the company
- Establishing contact with the company’s creditors to assess the ability to expedite the bankruptcy process
- Formulating a filing plan
- Establish the reporting capabilities that will be needed
The key to success is to accept that “you know you have a problem and you know you need a new perspective on changing your current operational & financial direction”. As soon as you are ready to take this first important strep, e-mail [email protected] us for a confidential complimentary consultation.