Short-term Needs
Performance Plus, Inc. provides turnaround services to troubled companies. The overall approach addresses critical short-term needs such as:
- Turning selected assets into working capital
- Identifying immediate opportunities for operational cost reductions
- Providing Creditor reassurance that the company is taking steps to improve profitability and cash
- Mitigating the negative impact on employees
Rapid Deployment Services
The specific steps used to meet turnaround needs are developed based on specific client situations. However, certain common actions are taken on most turnaround engagements. These
implementation actions should be performed on a rapid deployment basis and include performing/addressing:
- Financial projections and working capital needs
- Product and customer profitability
- Cost structures and impact analysis
- Cash conservation controls
- Working capital and liquidity improvements
- Operating plan restructuring
- Stakeholder Communication Plans
- Incentive plan creation
Turnaround Specialists
PPI is a very focused consulting firm. Since inception, PPI services have focused only on performance improvement – improving productivity and profitability of:
- Under-performing businesses
- Troubled divisions
- Merged divisions and product lines
- Operational and IT consolidations
- New product launches
When is the best time to take
advantage of this expertise?
Prior to capital restructuring. The business needs immediate stabilizing measures, small wins, and to demonstrate measurable progress – to its creditors, owners, employees and potential suitors. Infusions of capital would then accelerate evolution and advance progressive turnaround. Timely progress also strengthens the company’s situation and negotiating ability in exploring capital restructuring options, leveraging creditor commitments and fulfilling bankruptcy requirements.
