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During this time of financial crisis, we offer a specific turnaround service for businesses. We recommend to read below as it relates to why we believe a turnaround is relevant now for many businesses.
Click the “Free tools” button to get quick access to two free tools we have made available to you.
You have a choice to make!
Is your business focus short-term or long-term? That is a key question at this time.
If your focus is first and foremost short-term (revenue and profits), your business can get into serious trouble with investors, personnel, supply chains and society.
Let us explain why we believe short-term thinking leads to a downward spiral!
If you set money as highest priority, you are likely neglecting long-term goals.
Most investors are attracted purely for money and demand quick return on investment. To get a quick return, you lower your price. Soon your firm will be trapped in a downward spiral of short-term goals, financed by quick money and investors demanding a quick return on investment. Your risk profile will become higher, caused by small margins and low reserves. The pressure for quick money will increase when the economy goes down. There is neither time nor finances to build capacity for a solid and viable company that is resilient and able to weather a financial crisis.
If you put money over people, you might very well select and judge your employees by their salary. You will pay less attention to the human need for appreciation and hidden talent or competence will remain undiscovered. That way, the loyalty towards you as an employer will not exceed the financial threshold. An extra appeal on the employees will be answered by them with a demand for higher financial compensation. Which will be especially straining, since your finances are tight due to the economic crisis.
3. Supply chain
If you put money first, you will bargain for the lowest price and select the cheapest suppliers. Soon the business participates in a weak (international) supply chain based on low price and maximum efficiency. Often this leads to the division of the chain into smaller links to achieve even cheaper deals, makes the chain even weaker. Then, when payments or transport fails, deliveries become unreliable. During a crisis these types of supply chains do not last for long. It will cause your business to fail together with the other participants in the chain.
When you are short-term focussed, you are most likely not contributing to issues relevant for society, like the environment, clean energy and other sustainability issues. If a business does not take responsibility for issues that are burdening society, during a crisis it will have consequences. The moment your business needs it the most, it will receive no support from society since you cannot expect help based on a negative public opinion.
How can you escape this downward spiral?
The consequence is that you need to decide to:
- Develop a long-term business purpose and vision (insight)
- Build solid and strategic partnerships (opportunities)
That is how you become attractive to investors that think long-term, loyal workers, reliable suppliers and society.
To give you a head-start we have two free canvasses for you to download and use. Fill in your details below and request the download.
Our proposition for you
After filling out these canvasses, you can send them to us. Our aim is to give you feedback within two weeks.
We would like to support you for a “Short-Long Turnaround”. We use the Transformational Leadership-training (TL-training), that has been especially developed for turnarounds. The TL-training has all the ingredients that you need to renew your business. To read more about the TL-training, click here.
Together with you we would like to work on:
- a new purpose and vision
- a new business culture
- a new plan
- and the removal of constraints