Financial Turnaround Solutions Provided By Biz Coach Terry Corbell
Step-by-step solutions for a company turnaround are available from Terry Corbell, a longtime columnist and managing member of CMS Associates LLC. As developer of The CMS Approach, Mr. Corbell's services include a financial turnaround program on a pay-for-performance basis, which means he provides complete solutions for a small retainer and one percent of the net-profit increase.
(PRWEB) March 12, 2009 -- Turnaround expertise is seemingly needed everywhere - from all levels of government - to businesses large, medium and small. For most, it's a long road to full recovery so management consultant Terry Corbell, who is also known as The Biz Coach, is providing turnaround solutions in his latest business-coaching column, "Step-by-step solutions for a company turnaround" (www.cmsassociatesllc.com).
Mr. Corbell's column doesn't mention that turnarounds usually require the services of an objective, outside participant.
But his column does explain the salient, business-turnaround steps:
| | - Optimism
- Management of cash flow
- SWOT analysis
- Targeting the right customers in the right way
- Communication with vendors and employees
- Taking responsibility
- Customer service
|
Not to criticize, accountants crunch the numbers but they don't fully understand what actions are required to improve the financials. For example, many will recommend cutting the marketing budget, which might not be the right area to cut back. Mr. Corbell is a discerning, big-picture strategist, who does understand and he provides the right solutions for success. Not only does he read the numbers, he accomplishes what he calls "reading the room." He provides both short and long-term solutions after determining how and why the business stumbled.
As a profit professional, he developed The CMS Approach.
The CMS Approach includes a financial turnaround program on a pay-for-performance basis. Mr. Corbell provides complete solutions for a small retainer and one percent of the net-profit increase.
His firm, CMS Associates LLC, www.cmsassociatesllc.com, has been long known for providing "Solutions to Increase Revenue." CMS is an excellent company with an outstanding record of success since 1992. His business-coaching columns have been published since January, 2001.
The New York Times has featured him twice - just Google each of these headlines:
| | - Been There... Done That... Here's How
- Advice on Taking an Entrepreneurial Leap
|
Mr. Corbell is also focusing on economic development. He and KIRO TV are partnering to promote the economic climate of Western Washington communities.
He's writing a book tentatively entitled, "How to Watch Your Back in the Jungle - Avoiding Business Predators."
When teaching finance, his preferred textbook is "Finance for Non-Financial Managers" by Gene Siciliano. Messrs. Corbell and Siciliano are active in a premier Los Angeles-area consultant's group, Consultants West, www.consultantswest.com.
View Mr. Corbell's financial turnaround tips on the Money News page of a Seattle media Web site, CBS affiliate KIRO TV: http://www.kirotv.com/sponsors/16850870/detail.html.
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