REALITY CHECK: Franchise & Business

Ep 5: BUSINESS RESCUE & TURNAROUND


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Franchise industry executive and consultant, Shaun Butcher, explores the process of rescuing and turning around a struggling business.


A must for any business owner, manager, decision maker or support person who has found themselves needing to rescue or turn around a struggling or failing business.


TIMESTAMPS:


(0:00) Start

(0:09) Disclaimer & Introduction

(5:55) Common Types Of Rescue & Turnaround Situations

(21:42) Why People Buy A Business In Need Of Rescuing Or Turning Around

(32:39) Step 1: Do Your Research

(50:21) Step 2: Analyse & Be Brutally Honest

(1:07:18) Step 3: Complete Overview & Breakdown Of Each Component

(1:27:57) Step 4: Develop A Plan To Address Each Component

(1:34:07) Step 5: Understand The Financial & Other Resources Required

(1:54:41) Step 6: Critically Evaluate Your Plan’s Chance Of Success

(2:02:02) Step 7: Be Prepared To Hit The Ground Running

(2:12:08) Step 8: Continually Review & Update Your Plan

(2:15:13) Wrap-Up & Questions


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REALITY CHECK: Franchise & BusinessBy FMS Support Services