A Turnaround Artist Can Keep Your Business Afloat

Many business leaders are good at starting a business or maintaining one that has already been started, but aren't good at fixing a seriously ill business. They often don't have the experience, skills, temperament or willingness to do what is necessary to correct the problem.

An outsider who has no attachments to the people and no investment in the business' past history needs to be brought in. There are many ways of finding quality professionals to help you fix your business. In large metropolitan areas, there are listings in the telephone books for "turnaround specialists."

Here are some other avenues you can take to get some help:

• Professional referrals: The first thing to do when looking for a qualified turnaround specialist is contact your accountant, banker, lawyer and financial planner. All four of these professionals have worked with clients with business troubles at one time or another. Some of those clients have probably engaged a professional to assist them in fixing their business. ...