This post was invited for a consultation by a professional running a facility and which is now experiencing financial difficulty: low revenue, low gp. Their chairman wanted the firm to declare bankruptcy and/or undergo dissolution Surely jobs will be lost and investments too.
However the person whom I talked too was in canvassing mood and therefore was in 2nd and 3rd opinion. I was the 2nd opinion and verbally voiced out some options. For his 3rd option, he invited a CPA and gave out all the financials. I hope the said professional, trained only in producing fs, not doing business analysis can come out with something solid to turn around the firm. Surely, this will take time, and no propert rx can be done. It will be more of an audit, rather than coming out with rehab/turn around plan
Surely you go a business consultant, an expert Someone who has run numerous businesses before
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