Business Turnaround

Only 42% of start-ups are still trading five years later. But why do businesses fail? There are common warning signs to look out for and actions that you can take to identify and manage the threats facing your and your clients' businesses to ensure the best chance of survival in the long term. 

This course provides information and advice on business turnaround, which can help businesses prepare for potential issues and have the best hope of survival. It will enable you to identify the common warning signs that there's trouble ahead. Discover what steps you need to take at different stages of a crisis as well as the key aspects that you need to consider when developing and implementing an effective business turnaround. 

Learning Outcomes
Upon satisfactory completion of this activity, you will be able to:

• Spot common warning signs that a business is in trouble. 
• Identify factors which cause businesses failure. 
• Act quickly during the early stages of crisis management. 
• Respond appropriately using popular crisis interventions. 
• Understand the important role of cash to business survival. 
• Establish the key objectives and questions necessary for building an effective turnaround plan. 
• Implement an effective strategic business turnaround plan.

Benefits
This course will equip you with the knowledge and skills to identify, stabilise, and develop and execute a turnaround plan should an imminent business failure situation arise.