Turning a Business Around: How to Spot the Warning Signs and Ensure a Business Stays Healthy

by Mark Blayney and Mark Blayncy

In this guide there is lots of advice around for starting a business. But, less advice for when it is established but un-profitable, or gets into difficulties. This is a guide to help you when the... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1845280636
• ISBN13: 9781845280635
• Release Date: January 2002
• Publisher: How to Books
• Length: 205 Pages
• Weight: 0.85 lbs.
• Dimensions: 0.6" x 6.0" x 9.2"

Customer Reviews

Turning a business around

Good and quick guidelines to spot trouble and work on a contingency plan to improve the business situation. I particularly like the chapter about Strategy, good and practical guidelines.

Excellent book on business turnaround

One sees thousands of books on starting a business and various techniques of running it effectively; leading people; and formulating winning strategies, among others. However, despite the fact that many businesses get into trouble, such as business decline and crisis and sometimes into liquidation, one rarely finds good, user friendly books to guide managers and business owners on turning a business around. "Turning a Business Around" is therefore, an excellent addition to business literature and is a must read for business executives and entrepreneurs. Managers need to know about the signs of danger so that timely steps can be taken to prevent a possible business catastrophe. Liquidating a business has profound implications for various stakeholders. Many employee livelihoods would be ruined. Shareholders and creditors would lose money, potential government tax receipts would be lost, among a long list of adverse implications of business failure. The book methodically traces the reasons of business failure, gives advice on spotting the warning signs; how finances can be stabilized in a downturn; how one can come up with a practical and effective strategy to get out of a serious business decline and how to ensure that the plan is effectively implemented. The author uses a simple, easy to follow writing style which ensures that even owner/managers with limited formal training in management can follow and understand the book and be able to implement its recommendations. This is an excellent book that can enable a business to get early warning about trouble when there is still time to do something about it as well as for those who need guidance in a crisis about effective firefighting techniques to avoid business insolvency. In the current highly competitive global business environment, business failures are very common. This book should certainly assist in preventing some of these failures.