If a small business is taking risks and breaking through barriers, it will go through distress at some point in its lifecycle. The distress can be driven by internal decisions and improper planning, or oftentimes changes in market conditions, shifts in financial conditions, loss of a major client, technological disruption, and other factors can have a detrimental effect and lead to a crisis. As a small business faces declining profitability, tightening liquidity, pressure from a lender, expensive or unavailable credit, and debts that exceed the book value of the assets, signs become clear that outside assistance is needed.
Fortis Business Advisors has deep experience working with distressed organizations and underperforming small businesses. To effectuate the change required, we work rapidly through a proven 4-phase turnaround approach - Analyze-Stabilize-Optimize-Maximize - to develop a strategic plan that creates value and leads to viable performance improvements. This, coupled with our approach from an owner's perspective, addresses problems head-on and drives rapid change to create value.