Turnaround Consulting
Companies seem to dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success at realizing the company is going in the wrong direction. The only time the company fails is when it is not possible to do a turnaround anymore. We help companies pivot into more profitable directions where they can expand and grow. It is inevitable that companies will end up making a few mistakes; we help them correct these mistakes.
We help companies turnaround their non-profitable ventures into something that benefits them. Our specialty lies in understanding what makes a company special and what makes it tick.
Rooted Advisors – we help companies assess their skills and choose a new direction which utilizes the talents of the team and resources most productively.
Revenue Diversification
You can increase your business resiliency through doing a resource analysis and exploring opportunities for revenue diversification, without loosing business focus. This can help mitigate seasonality issues or in some cases provide a complimentary service or product to an existing client base.
Business strategy & pivots
Often businesses are surprised at how they can diversify their businesses, while still utilizing their core skill-set and resources. Exploring new markets has allowed for clients to:
- Expand market opportunity
- Improve businesses cash-flow
- Improve business resiliency
- Diversify revenue streams
- Build reoccurring revenue streams
Down to the details...
We often start by looking for potential business opportunities that are not being taken advantage of, prior to suggesting any operational or strategic changes. This allows us to ensure we are making adjustments that will see the fastest ROI.
Business difficulties don’t always come down to failure to see opportunities. Sometimes operational improvements are what are required. We have previously worked with clients that grew so quickly, they struggled to keep control of their rapidly expanding operations and therefore costs.
Any business changes we look to make are process driven and are derived from data analysis. We look to leverage new and existing business technology to automate and streamline tasks. After review, we manage the implementation of any changes from start to end; before training staff on new physical and digital processes.
Understanding your market
A strong or healthy business requires constant reassessment of the competitive landscape. Although investing into R&D internally can be beneficial to some businesses, ALL businesses can learn from what their competitors are doing.
Rooted often suggests that a competitive analysis is conducted for businesses enquiring about turn around consulting. This ensures that any following pivots or changes to the business are data driven and likely to be well received by the market.