Smart CEO Magazine
Column: Turnaround Strategist Written by John M. Collard Turnaround Management - Raising Capital Leadership - Investing - Outside Directorship |
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Turnaround Management - Raising Capital - Leadership - Outside Directorship - Investing Text By John M. Collard |
Smart CEO Publishes Articles-of-Interest By John Collard
Turnaround Mgt - Outside Director - Leadership - Investing
Smart CEO Magazines published a Column: Turnaround Strategist by John M. Collard, turnaround specialist, outside director, and private equity advisor. These articles cover the topics: Liquidation as a Strategy, Benefits of Outside Directors, Warning Signs of Trouble in a Company, Phases and Actions in the Turnaround Process, Working With Turnaround Managers, Investing in and Rebuilding Distressed Companies, Value Creation Model, Change Leaders to Accomplish a Turnaround, Mission Statements That Lead, Incentive-Based Management, and Defense Conversion. Enjoy ...
Reviving troubled companies:
Phases and actions in the turnaround process
Written by
John Collard
Turnaround opportunities abound for those who have the knowledge and fortitude to go through the process.
The rewards can be plentiful, and the failures catastrophic. Look for the root causes of trouble first.
Then use the steps in the phases and actions in the turnaround process to effect change.
Rebuilding a company's value to prepare it for sale:
Part 1: Finding a viable fixer-upper investment
Written by
John Collard
Investing in under-performers and rebuilding value has become a more acceptable practice.
This is easy to say, yet tricky to implement. But there is a process to provide positive results.
Outside directors can save troubled companies:
(and they're helpful for everyone else too)
Written by
John Collard
An outside director is a member of the board of directors or advisors who is not part of
the executive management team. These individuals are helpful to your company because they
rarely have conflicts of interest and they often see the big picture differently than insiders.
Raising money for under-performing companies:
Easier than you may think
Written by
John Collard
There is an abundance of funding available in the marketplace for good deals.
The key wording in this statement is of course “good deals.” When a company
is in trouble, it is rarely considered a good deal without some fixing.
The time has come to liquidate your company.
How can you start over?
Written by
John Collard
When a company is in trouble, the owner loses credibility.
Bankers and creditors no longer believe what you have to say.
Chances are, it is much harder to be creative with new stories to get cooperation.
In the meantime, your assets are deterioating in value.
Show them the money: A case for incentive-based management.
Written by
John Collard
Business owners willing to invest in realistic incentives that reward
employee achievements are likely to reap the proceeds. The key to success
is to set realistic goals and time frames, hold
managers accountable for performance, and communicate measurement and
reward methodology — then step back and let them perform.
Deathbed businesses: When a business stops growing, it starts dying.
Written by
John Collard
Too often, companies die unnecessarily because most business leaders haven’t
learned to recognize the symptoms of oncoming illness in their business.
Leadership hasn’t had to deal with it in the past and is ill equipped when
trouble sets in. The obvious signs of business trouble are rarely its root causes.
Losing money, for example, isn’t the problem; losing money is the result of other problems.
Turnaround Strategist.
www.StrategicMgtPartners.com
Strategic Management Partners Library
www.SmartCEO.com
John Collard, Turnaround Strategist
John M. Collard
is a Certified Turnaround Professional (CTP), a Certified International Turnaround
Manager (CITM), who brings 35 years senior
operating leadership, $85M asset & investment recovery, 46+ transactions worth $1.2B,
and $80M fund management expertise to run troubled companies, and advise
company boards, litigators, institutional and private equity investors. John
has on many occasions parachuted in as the Interim CEO or senior executive to
turn around a trouble entity. John is Chairman of Strategic Management Partners,
Inc. (410-263-9100, www.StrategicMgtPartners.com )
in Annapolis, Maryland.
John is Past Chairman
of the Turnaround Management Association (TMA), Past Chairman of the Association of Interim Executives,
and a Senior Fellow of the Turnaround Management Society.
John is inducted into the Turnaround
Management, Restructuring, and Distressed Investing Industry Hall Of Fame,
honoring those individuals whose outstanding contributions have increased the
stature and respect of our industry.
John is the Prince George's Business Leader of the Year.
John received the inaugral Interim Management Lifetime Achievement Award from
the Association of Interim Executives. John received the SmartCEO Distinguished Leadership Award.
Visit SMP at www.StrategicMgtPartners.com and www.StrategistLibrary.com |
About the Firm: Strategic Management Partners, Inc. (410-263-9100, www.StrategicMgtPartners.com ) is a turnaround management firm specializing in interim CEO executive leadership, asset and investment recovery for investors, outside director and corporate renewal governance, private equity advisory, raising money, and investing in and rebuilding underperforming distressed troubled companies. SMP helps clients restore value to troubled companies, prepare entities for 'cash out' at maximum value, recover assets for fund investors, support litigation, and invest private equity into distressed opportunities. The firm has been advisor to Presidents Bush (41 & 43), Reagan, Clinton, and Yeltsin, World Bank, EBRD, Company Boards, and Equity Capital Investors on leadership, governance, turnaround management and equity investing. SMP is celebrating 25 years in the turnaround business serving clients. SMP was named Maryland’s Small Business of the Year and received the Governor’s Citation for Excellence, Governor Martin J. O'Malley, The State of Maryland as a special tribute to honor work in the areas of turning around troubled companies and saving jobs in Maryland. Turnarounds & Workouts Magazine has Twice Named SMP Among the ‘Top Outstanding Turnaround Management Firms’. American and Baltimore Business Journals Named SMP to Most Active Turnaround Management and Consulting Firms in Baltimore, Washington, DC, Virginia, and the Mid-Atlantic Region. Global M&A Network presented their Turnaround Atlas Award for Turnaround Consulting Firm of the Year (Boutique) to Strategic Management Partners, Inc. |
Reprinted with permission. Smart CEO, 2016-2017. Copyright 2016-2017, Strategic Management Partners, Inc. 410-263-9100
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