The Art of the Turnaround: How to Rescue Your Troubled Business from Creditors, Predators, and Competitors [Hardcover]

Matthew L. Shuchman (Author), Jerry S. White (Author)

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Product Details

Hardcover: 290 pages
Publisher: Amacom Books (January 1995)
Language: English
ISBN-10: 0814402607
ISBN-13: 978-0814402603
Product Dimensions: 22.6 x 15.7 x 3 cm
Shipping Weight: 544 g

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Product Description

From Library Journal

The authors, consulting specialists in turnarounds, have written a thorough work on how to keep a troubled company afloat. The authors dissect business operations, illustrating how monies can be recouped or saved and how hidden and forgotten assets can be made liquid. Throughout, the emphasis is on cash-how to get it, how to save it, how to keep from spending it unnecessarily. The authors encourage beseiged businesspeople to use their current hardships to their advantage. Offering a no-nonsense, hit-the-ground-running approach, Shuchman and White provide a utilitarian view of crisis management. With information that ranges from managing payables and receivables to reducing overhead and selling the business or going through bankruptcy proceedings, this book is a sound staff on which those who are trying to save a business can lean. Highly recommended for all libraries.
Randy Abbott, Univ. of Evansville Libs., Ind.
Copyright 1995 Reed Business Information, Inc.

Book Description

Focusing on cost reduction, this book also explores company image and the use of outside professionals to aid the ailing business. With many checklists and real-life examples, this guide shows how to avoid liquidation, renegotiate liabilities, sell assets, retain customers, maintain the company's value, save the healthy part of the business, and decide if bankruptcy is a good option. The authors also discuss how to find buyers and reduce costs immediately in fixed overhead, personnel, and real estate.

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