Business Turnaround

The Complete Business Turnaround Checklist

A comprehensive guide to turning around a failing business. From initial assessment to successful recovery - every step covered.

TS

Tenable Support Team

Senior Business Advisor

Turning around a failing business requires systematic planning, decisive action, and unwavering commitment. This comprehensive checklist will guide you through every critical step of the turnaround process.

1 Crisis Assessment Phase

Financial Analysis

  • Review cash flow statements
  • Analyze profit & loss trends
  • Assess debt obligations
  • Evaluate asset values

Operational Review

  • Identify core problems
  • Review market position
  • Assess team capabilities
  • Evaluate systems & processes

2 Immediate Stabilization

Cash Flow Management

  • Accelerate receivables
  • Negotiate payment terms
  • Reduce unnecessary expenses
  • Implement cost controls
  • Secure urgent funding
  • Create 13-week forecast

3 Strategic Restructuring

Business Model Review

  • Refocus on profitable segments
  • Eliminate loss-making activities
  • Optimize pricing strategy

Organizational Changes

  • Right-size the workforce
  • Strengthen leadership team
  • Improve communication

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