Frequently Asked Questions about Restructure & Turnaround

We have collated the most frequently asked questions in one place to help you find quick answers to important matters.

There are several different reasons why a restructure should be considered. This may be the case early in the business cycle during a period of rapid growth or at a more mature stage where there is a potential change in ownership. Here are some of the most common reasons for business restructuring:

  • Change in management or ownership
  • Stagnating profit growth
  • Poor efficiency
  • Incompetent management
  • Shifting customer base
  • Business growth or economic downturn

For more information, read our in-depth article on ‘when should a business restructure be considered?’

The key to a successful restructure is developing an effective strategy. The easiest way to do this is by seeking professional restructure & turnaround advice from experts such as Australian Debt Solvers. Our team will follow a proven process that will provide the best prospects of returning to financial prosperity. The process includes evaluation, analysis, recommendations, implementation, and review.

Read more on how to manage your business operations restructure.

When a company is failing to meet expectations, there are several ways to address the issue. Increasing profits is not as simple as generating more revenue through sales. It is necessary to take a holistic approach and analyse every aspect of the business, both internal and external. Depending on the type of business, the following areas may be considered:

  • Company budget: Analysis of everything from salary and expenses to revenue and forecasts. All financial records should be scrutinised.
  • Efficiency: The organisational structure and every department in it are to be evaluated to identify issues and areas of improvement.
  • Products and Services: An objective evaluation of such shall be conducted including production costs and processes. A rising cost of acquisition may be affecting profitability, as may competition or unpursued opportunities.

At Australian Debt Solvers, our team consists of specialists across a range of fields including accounting, leadership, consolidation, operations, and technology. If you are looking to increase your profits, contact us for expert advice that will make a difference.

In business terms, reorganization and restructure are essentially mean the same thing. The term used in the field of insolvency is ‘restructure’. It is important to note that the process of restructure may or may not involve changing the structure of an organisation or company. Therefore, restructure and not reorganisation is the term used.

During a restructure, communication and transparency are essential. This is particularly the case during the implementation stage of a strategy as it will likely have a direct impact on stakeholders such as employees.

The roles and responsibilities of retained staff may be changed and any potential impact or adverse reaction would need to be considered. In addition, it may mean that certain employees are no longer required. Staff are an important asset of any business and ensuring their well-being is critical during a restructure. Communication leads to a better understanding of the restructure process for employees and minimises any uncertainty among the ranks.

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