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:
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:
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.
If you haven't found the answers you are looking for, do not hesitate to reach out to us to receive free professional advice. We deal with a wide range of cases, including liquidation, insolvency, voluntary administration, and personal bankruptcy. Send us a direct message and we will be in touch with you within 1 hour.
Does restructuring sound like a mountain too big to climb? Our Resource Centre has detailed information from industry professionals on how business restructuring can help get things back on track.
Keep up to date with the latest news and real life case studies on companies that have used restructuring services to help secure their future.