Ensure that your receivables are
promptly collected. Negotiate with your creditors for extension of the credit limits or
source for more credit lines or more time to pay back the debts. You need to do whatever
you can during the financially tight situations to quickly improve the cash flow position.
Typically in a major restructuring exercise, the timing is extremely short for you to
deliver the positive results. There are many things to do and remember. However, you
need to prioritise and remember these four Cs.
http://www.corporateturnaroundexpert.com
Dr Mike Teng (DBA, MBA, BEng, FIMechE, FIEE, CEng, PEng, FCMI, FCIM, SMCS) is the author of the best-selling business book ?Corporate Turnaround: Nursing a sick company back to health?, in 2002. In 2006, he authored another book entitled, ?Corporate Wellness: 101 Principles in Turnaround and Transformation.? Dr Teng is widely recognized as a turnaround CEO in Asia by the news media.
lower labor costs