Corporate turnaround artistry : fix any business in 100 days /
Jeff Sands.
- 1 online resource
ABOUT THE AUTHOR JEFF SANDS is a corporate turnaround specialist who has devoted his career to saving businesses, jobs, and the communities they support. Jeff is a Certified Turnaround Practitioner (CTP) who was awarded a coveted TMA Turnaround of the Year Award in 2017, 2018, and 2019. He is a founding member of Dorset Partners LLC. which helps mid-market companies revitalize their businesses amidst serious challenges. He also pursues distressed industrial acquisitions through American Industrial Acquisition Corp (www.AIAC.com).
Includes bibliographical references and index.
TABLE OF CONTENTS About the Author ix
Foreword xi
Professor Kenneth P. Walsleben
Preface xv
Acknowledgments xix
Chapter 1 Understanding Corporate Turnarounds 1
Chapter 2 Crisis Leadership 45
Chapter 3 Controlling Cash 73
Chapter 4 When Banks Attack 103
Chapter 5 Turnaround Management 141
Chapter 6 Arsonists and Regulators 171
Chapter 7 Insolvency and the Law 189
Chapter 8 Debt Restructuring Out of Court 237
Chapter 9 Strategic Exits 261
Chapter 10 Building Long-Term Value 279
Resources 297
Bibliography 299
Index 301
"This book is a complete primer on Corporate Turnarounds, focused on smaller entrepreneurial companies (generally under 1,000 employees) and is written for the CEO/Entrepreneur/Business Owner. It takes them from the initial cash crisis through the painful early meetings with the bank, then into developing a turnaround plan that customers, employees and creditors will support. Debt restructuring is done after the business has been stabilized and sets the owner up for a fresh start with a leaned-out business and a right-sized balance sheet. High-level members of struggling businesses will learn how to get out of corporate distress, saving jobs, fortunes and the communities they support"--