NHB brings operational and management experience to each engagement and typically performs the following roles and tasks.
Due diligence, situational assessment, business plan analysis and validation
NHB will provide assessment and recommendation concerning the viability of the business, and turnaround strategies available. Provide the preliminary action plan for implementing the turnaround strategies; assess financing and organizational resources, and recommend changes as necessary.
Stabilize cash flow by establishing an effective cash management system.
Negotiate with lenders, banks, trade creditors and taxing authorities.
Prepare a situation analysis report to include the following:
Determine if the business can or should survive
If appropriate, identify the turnaround strategy most
appropriate for situation
If appropriate, develop a preliminary action plan for implementing the chosen strategy
Define what the company should and can be after issues of under-performance,
turnaround or succession have been addressed
Intermediate and long-term planning
Sales directions and marketing support
Mentoring
NachmanHaysBrownstein, Inc. • Headquarters: 822 Montgomery Avenue • Suite 204 • Narberth, PA 19072 • Phone: 610-660-0060