Family, Business or Financial Crisis
Occasionally, things do go wrong in business. We have successfully helped many companies address these issues. Problems in family and closely-held businesses may result from conflicting family and/or ownership objectives that hinder the implementation of a strategic plan or they may result from benign neglect.
Our responsibility is to assist you in addressing those issues. When lenders and creditors know that assistance from qualified professionals experienced in crisis management has been sought, frequently there will be opportunities for dialog that will result in a suspension of demands while a lender reviews the crisis plan. We are experienced in preparing and presenting such plans.
We can help you create and implement a strategic plan and manage the conflict resolution process among stakeholders. The strategic plan (including a succession plan) will stress realizing the business’s objectives and provide a system for management oversight. Quite often, improved reporting mechanism are also necessary to measure progress and to provide reports to the stakeholders.
Because The Development Group is very process and results oriented, we follow the same procedures in this area as we do with value creation and transition management.
The Development Group has extensive experience dealing with troubled and under performing companies as well as emerging growth companies. Our focus is on maximizing asset values or cash flow consistent with shareholder objectives. TDG also manages complicated litigation matters for clients. Examples of crises we have dealt with include:
As with virtually all of our assignments, we establish an atmosphere of trust that encourages open communications and timely responses to opportunities and challenges; we act as facilitators and partners who “roll up our sleeves” and get to work solving the problem.
Our responsibility is to assist you in addressing those issues. When lenders and creditors know that assistance from qualified professionals experienced in crisis management has been sought, frequently there will be opportunities for dialog that will result in a suspension of demands while a lender reviews the crisis plan. We are experienced in preparing and presenting such plans.
We can help you create and implement a strategic plan and manage the conflict resolution process among stakeholders. The strategic plan (including a succession plan) will stress realizing the business’s objectives and provide a system for management oversight. Quite often, improved reporting mechanism are also necessary to measure progress and to provide reports to the stakeholders.
Because The Development Group is very process and results oriented, we follow the same procedures in this area as we do with value creation and transition management.
- Help discover the problems, threats and opportunities
- Facilitate critical decision-making, often under very intense pressure, and create action plans
- Help implement critical action plans
- Negotiate financing and terms with creditors and lenders
- Monitor results throughout the process
The Development Group has extensive experience dealing with troubled and under performing companies as well as emerging growth companies. Our focus is on maximizing asset values or cash flow consistent with shareholder objectives. TDG also manages complicated litigation matters for clients. Examples of crises we have dealt with include:
- Bank assigning a loan to its workout group
- Bank requiring a forced sale of assets
- Losing or expecting to lose significant capital from an investment
- Management is not responsive to shareholders
- Sudden death or incapacity of a family member or leader causes or threatens to cause disruption to the business
- There is no consensus or unanimity among the family or shareholders
As with virtually all of our assignments, we establish an atmosphere of trust that encourages open communications and timely responses to opportunities and challenges; we act as facilitators and partners who “roll up our sleeves” and get to work solving the problem.