Print Page  |  Contact Us  |  Your Cart  |  Sign In  |  Join IMC USA
One Minute Ideas
Blog Home All Blogs
Search all posts for:   

 

View all (57) posts »
 

Turnarounds

Posted By Administration, Wednesday, July 3, 2013
Updated: Friday, August 30, 2013
One of my clients is in deep financial trouble and has asked me to temporarily step in as CEO to help the company get profitable again. Is this a good idea?

It's a great idea ... if you:

  • feel you can turn the company around based on your personal analysis;
  • are willing to move strongly, boldly and make powerful changes quickly;
  • have the necessary leadership and negotiation skills (you will likely have to negotiate with banks, creditors, etc.); and
  • have the creativity to make it all happen.
If you have never done this before, this is a one-of-a-kind opportunity that can gain you stature as a "turn around specialist".


WARNING:
It's not going to be easy. The odds are all against you.

TIP:Time is your enemy (and friend). The company is bleeding. The longer you let it bleed, the more difficult the job.

You want to be amply and generously rewarded, largely based on results (stock, percent of profits, etc.).

P.S.Your personal/social life will be back-burnered for a while.

This post has not been tagged.

Share |
Permalink | Comments (0)
 
Community Search
Sign In


Forgot your password?

Haven't joined yet?

IMC USA Calendar

12/13/2016
IMC NCR: 2016 Annual Holiday Party

12/19/2016
IMC NorCal 2016 Holiday Party

12/20/2016
December C2M Live "When Good Enough Isn't: What You Can Do to Elevate Your Consulting Competency"

Message from the Chair
Loraine A. Huchler CMC FIMC2016 IMC Fellow Award Recipient
Gayle Carson CMC CSP FIMC2016 IMC Fellow Award Recipient