Many troubled companies fail because they lack management resources that are required to perform a business turnaround. Some of these companies fail because they are not aware of the requirements of the job, others because they cannot afford professional turnaround services. Yes, it often costs $60,000 to $250,000 per annum, or even more, to retain a qualified full-time (and hands-on) turnaround manager for a small to medium size business.

We charge about half that amount for our monthly coaching program. Services in this program include everything that we would do under our full-service turnaround agreement, including preparation of the strategic plan, initial crisis management, corporate surgery, and any other repositioning, restructuring, and re-engineering services deemed necessary to generate "a substantial and sustained positive change in the performance of a business". This practical definition of turnaround signifies that the company must not only be saved in the short run, but must also be repositioned, restructured, and re-engineered for the future – so that its operation becomes really worthwhile for its owners for years to come. The difference being that instead of one of our consultants taking hands-on charge of your business, your management team remains in charge of the company operations and day-to-day implementation of the strategic plan, with our consultants providing oversight, analysis, and advice through weekly / by-weekly / or monthly coaching sessions.

Obviously, our firm, when providing the off-site services of the turnaround coaching program – even if we also provide follow-up advice – cannot take responsibility for a sustained recovery.

This responsibility can only be taken on a hands-on basis, and on the basis of keeping this responsibility until a sustained recovery is demonstrated. This is precisely the service that Commercial Debt Solutions is offering to qualified, interested, and actively participating business owners.