We don't bang tables, we knock down walls - boost your COVID bounceback
- marc21078
- Sep 1, 2020
- 4 min read
Over the last 6 months it has worried me the number of distressed businesses who have just about survived. Many have decided to make do with what they have, often with senior teams that are not experienced to lead during crisis stretching them to breaking point and with no guidance. I've met and coached several executives who have literally been pushed to their limits.
Businesses have had to cope with new ways of working, global challenges, ever changing economic conditions and health agendas, whilst experiencing distressed damage to their P&Ls. In many cases this has been with management teams that only experience turnaround or recession in their business once in every 10 or 20 years of their career. Restructuring, where executed, has often been ill thought through and insensitively managed. Businesses have just survived, scraping through day to day without the headroom, experience or vision to see beyond crisis.
Things could be so different. You could be further on from where you are now, on the growth fast-track, with clear vision, credibility and ambition across the business. Your people could have insight into healthy resilience. Your restructure could be completed quickly and sensitively. Your financial results would be in a much better and more robust shape. Sounds good doesn't it.
Talent Tetris
To get the highest scores in Tetris you need to use the right shaped blocks to fit the right gaps to win. You wouldn't use a T-block for an I-block problem. Yet, businesses are ramming 4-block squares into an S-shaped crisis.
If you had a life threatening brain disease you'd want the top brain surgeon and virologist in the country treating it. You wouldn't feel comfortable with your GP having-a-go; with best endeavours. Unfortunately in businesses around the UK we have misused and put undue pressure on GPs while we have left the brain surgeons head in hands on the sidelines.
There are experienced crisis leaders and specialists in turnaround that turbo-charge bounce back and growth. Experts in building resilient businesses and delivering measurable financial growth in multiples of the investment in them. These are your Tetris top scorers.
So what are the benefits of bringing in an experienced hire short term? Whether we call ourselves crisis managers, turnaround or bounceback specialists, there are some unique reasons why we are critical in successfully saving and boosting businesses.
We don't bang tables, we knock down walls
We've done it before
We've seen what works and what doesn't.
High-end flexible yet critical resource
You have the ability to switch us on and off. Businesses rent key assets such as property, IT, machinery et al. Hire short term assets for short term issues.
Measurable financial returns in multiples
Hired hands don't see themselves as a cost. We are experienced in demonstrating and delivering financial returns quickly and in multiples of your investment in us. It's not unusual for the return to be 10x or even 100x the investment.
What is right for the business
We don't carry your corporate baggage. Interim specialists are selfless and don't engage in politics. It is not about what is right for me. Our outlook is not tainted by bonuses or internal politics. We are not looking to replace current staff in their roles and shouldn't be seen as a threat. Honesty, transparency and independence are key traits of turnaround specialists.
The pacemaker
Pace, pace, pace. Decisions are made quickly and enacted at speed, whilst challenging red tape. Continually challenging 'can we do it quicker, faster, better'. We are used to managing high pressure situations hour by hour. Plans are credible, stretched and deliverable.
Focused on long term health
With one eye on quick wins, the focus remains firmly on the long term growth and sustainability of the business, with a strong link between the two.
Big box, little box and outside the box
We look through the eyes of the CEO. Having eyes in the back of our heads we focus on all aspects of the business and their interlinks. At the same time we are focused on the minute detail and the relationships in the business that make things happen. In any one decision we are linking to strategy, people, finances, comms, supply chain, ops, diversity, governance, growth, tech, today and tomorrow.
Innovation through multiple lenses
Specialists in turnaround are already up to speed with latest business models and thought leadership, always keeping an eye on latest industry thinking. In live crisis situations we have learnt to be creative and adept in applying numerous models and tactics which we know work whilst managing risk.
Sleeves rolled up, stuff gets done
Presenting strategy to the board one minute and then rolling up our sleeves, deep diving in the weeds the next. We are not precious about title or role, only about the success of the business.
Not afraid to challenge
Having served on boards as executive or NEDs, we are adept at challenging constructively. We think like board members and we are them in other lives. We bring a wealth of experience, resource and networks in our own right.
Big hitters, but not of tables
Bringing calm to a crisis, with the gravitas of a CEO and with the empathy and mutual respect for the human well-being of all staff.
We don't bang tables, we knock down walls.
For more information about how you can boost your businesses recovery.
Marc Stone
07529 777 757
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