Business Turnaround

by John Taylor

Most businesses, at some point, will face issues that bring into question their long-term survival. This course examines common warning signs and the actions you need to take to implement an effective business turnaround.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Spot common warning signs that a business is in trouble
  • Identify factors which cause businesses failure
  • Act quickly during the early stages of crisis management
  • Respond appropriately using popular crisis interventions
  • Understand the important role of cash to business survival
  • Establish the key objectives and questions necessary for building an effective turnaround plan
  • Implement an effective strategic business turnaround plan

About the course

Only 42% of start-ups are still trading five years later. But why do businesses fail? There are common warning signs to look out for and actions that you can take to identify and manage the threats facing your and your clients' businesses to ensure the best chance of survival in the long term.

This course provides information and advice on business turnaround, which can help businesses prepare for potential issues and have the best hope of survival. It will enable you to identify the common warning signs that there's trouble ahead. Discover what steps you need to take at different stages of a crisis as well as the key aspects that you need to consider when developing and implementing an effective business turnaround.

Look inside

imac
slide-1
slide-2
slide-3
slide-4
slide-5
slide-1-thumbnail
slide-2-thumbnail
slide-3-thumbnail
slide-4-thumbnail
slide-5-thumbnail

Contents

  • Why do businesses fail?
    • Introducing business turnaround
    • Cash is king
    • Consequences of failure
    • Change
    • Warning signs
    • External causes of failures
    • Internal causes of failure
    • Why businesses fail
  • Approaching the edge
    • The spiral of decline
    • Business life cycle
    • The BIG question
    • Susceptibility to failure: A scores
    • Quantitative factors: Z scores
    • What happens in a crisis?
    • Communication in a crisis
    • Positive action
    • Approaching the edge
  • Stabilising the situation
    • First steps
    • Reasons for failure
    • Cash management
    • Costing and pricing
    • Fixed costs review
    • More on variable costs
    • Stabilising the situation
  • Creating a turnaround plan
    • Objectives of the plan
    • The importance of information
    • Replace some senior management
    • The commitment of the workforce
    • Key success factors
    • Gap analysis
    • Customer profitability analysis
    • Financial planning - cash flows
    • Costing and pricing
    • Marketing
    • Creating a turnaround plan
  • Implementing the plan
    • Developing a strategic plan
    • Changing the business
    • Changing business operations
    • Creating self-managing autonomous teams
    • Investing in technology
    • Managing the supply chain
    • Re-energising the business life cycle
    • Encouraging change
    • Implementing a plan

Author

John Taylor

Specialises in dealing with problems faced by large family-owned companies. Freelance author and lecturer.

Recommended

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Pick n Mix

All you need for this year's CPD.

Licence

All you need for this year and more.

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,000+ unitshourshours1,000+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team’s needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

You might also like

Take a look at some of our bestselling courses