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Business Turnaround

Business Turnaround applies mainly to three scenarios:

  1. A business owner is looking to sell the business within 12 to 36 months. He/she wants to better the business so that the likelihood of selling it AND the actual sale price increase.
  2. A merger or acquisition brings two very different cultures together. The numbers stack up, but the cultures and people need to be aligned to make it profitable and sustainable.
  3. Whatever worked before doesn’t work successfully any longer. The business needs to re-invent itself and differentiate itself from its competitors.

The value of a business relies heavily on its culture, systems, reputation, client book, and financial results.

Very often, a business has been in the market for a number of years. It has been successful until recently when things changed: the economy, the competition, client needs, market conditions, pricing trends, demographics, etc. Unless the business evolves with and adapts to these changes, the company will lose market share and profit.

A changing environment requires an evolving business. It is also necessary for the people within the business to embrace and drive the change from within. Financial metrics are a mere reflection of what makes or breaks a business. These are: strategy – culture – people – systems.

Every company needs to get all four parts right. Few businesses do, however. Lagrou Partners assists executives with both the strategy and execution of change projects. We are not just consultants who put a fancy document together that gathers dust on a shelf. Nor do we present solutions that trigger resistance from staff. We collaborate with and support executives and staff (as prominently or discreetly as required) to drive change profitably within 6 to 18 months.

An initial audit allows us to get our heads around your business, the challenges, and your aspirations. This is a low-risk, high-value exercise to go through before you decide to move forward with an actual change plan and the execution of that plan over time.

Contact us for a confidential discussion about how we can help you with business turnaround and change management.

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