A working example of business turnaround: When it doesn’t cost you much, but loses you a lot.

Business Turnaround is the talk of the town currently. Well, if we’re honest, it has been the talk of the town for many years already – and with organisations trying whatever means possible – be it through acquisition, mergers or adopting new leadership strategies, turning a failing, or under-productive business around appears to be as common as the cold. With more industry giants hitting our headlines, business distress is no longer spoken about in hushed tones, but appear, more and more so, in the headlines over our morning cup of coffee. The CFPro Ventures team has been helping organisations for [...]

2018-03-12T16:31:18+00:00 March 8th, 2018|News, RE:Focus|Comments Off on A working example of business turnaround: When it doesn’t cost you much, but loses you a lot.

Are you driving your business into distress by waiting for time to pass?

Another giant falls today in the UK. Maplin, one of the UK’s biggest electronics retailers, announced that it has collapsed into administration after talks with buyers failed to secure a sale. And Maplin is just another one this week. Business Distress is happening all around us, to companies of all sizes, across all industries. So, it suffices to say that there is no business, or industry, agnostic to the risk of business failure – regardless of how strong your brand is, how long you’ve been trading, or how many customers you have. We recently published this blog where we discussed [...]

2018-03-12T16:32:46+00:00 March 1st, 2018|News, RE:Focus|Comments Off on Are you driving your business into distress by waiting for time to pass?

Common habits that lead to business distress.

In the news this week, we heard of two UK giants who have admitted that it was time to change. For one, it may already be too late, and the other, well, we hope for the best. But it's the series of events which led to the demise of ToysRUs, and the challenging distress of Jamie's Italian which are more shocking than they are complicated - more simplistic than calculated - and ones that any business, regardless of stature, size, standing or longevity, could be exposed to. We look at 4 of the most common leadership habits that risk pushing [...]

2018-03-12T16:33:01+00:00 February 26th, 2018|News, RE:Focus|Comments Off on Common habits that lead to business distress.

A lesson about business turnaround from Jamie’s Italian

The news for restaurant chain Jamie's Italian looked bleak this week. The famous chef's chain of restaurants throughout the UK have seen 12 of its 37 stores close since launch, with its Barbecoa steakhouse in Piccadilly falling into administration after only just a year of trading. Speaking at the Casual Dining Show in London, the Jamie's Italian CEO John Knight put the urgent need for a business turnaround strategy down to 2 things:  Complacency and a Failure to Innovate. And they're not alone. In a previous blog post, we also featured the downfall of Toys giant Toys R Us and [...]

2018-03-12T16:33:12+00:00 February 26th, 2018|News, RE:Focus|Comments Off on A lesson about business turnaround from Jamie’s Italian

Top 5 questions on Business Turnaround.

What is business turnaround Business turnaround usually refers to the financial recovery of an organisation that has been performing poorly for a period of time. There could be a number of reasons why a business needs rescuing - you may be losing serious revenue, or you could be facing insolvency. A turnaround usually comes into effect when a business has tried to self-rescue, but efforts have been unsuccessful.   What are the signs of a distressed business? Often called “Distressed Businesses”, these businesses usually recognise that they are in need of urgent rescuing: They don’t understand, nor do they accurately [...]

2018-03-12T16:33:26+00:00 February 21st, 2018|News, RE:Focus|Comments Off on Top 5 questions on Business Turnaround.