Business Turnaround Specialists
Sometimes the seas of business become stormy.
managing trouble
Sometimes despite the best of planning and careful management, businesses get into trouble – financial trouble. This could be caused by no fault of management, by an outside or inside market event OR it could be self inflected. It needs to be fixed. A troubled firm needs cover – safe harbor.
Going alone, trying to fix it yourself, is a recipe for disaster. You know your business and hopefully you know it very well. We know our business and our business is to fix your business; and we know it very well. So while we focus on fixing what is broken you can focus on your business. It is this partnership that shortens the turnaround time, lessens the pain and restores stability and ultimately profitability and stakeholder prosperity.
Can It Be Fixed?
This is the question you are asking. If this is where you are starting, you likely have waited too long. By now others – bankers, vendors, customers, employees – have already recognized a problem. Like you, the business owner and decision maker, they are seeking answers.
The problem is that the answers they seek do not concern the well being of your enterprise. Your only solution is to convince all these stakeholders that your business can be fixed. The only thing that matters to all stakeholders is value. Our process creates a stronger collective value versus individual values (the sum is greater than the parts).
In the end, though, it will be shareholder value, your value that is preserved along with the safeguarding of your personal wealth.
Time is your ally – but only with a plan
Waiting for things to get better is not a plan. In most cases, a business owner shifts energy, time and resources to protecting the enterprise and misses business opportunities and/or customer needs. The demise cycle only accelerates. We are turnaround and financial repositioning specialists. While some enterprise restructurings do not involve a banker/lender or other outside investors, most do involve these stakeholders
As former bankers, having been on “that side of the table” we understand the needs of the lender as well as the business owner. We also have experience as controllers, chief financial officers and, of course, turnaround specialists – already returning numerous businesses to financial health.
Our extensive knowledge of banking as well our previous experience allows us to be not only an independent advocate for the business, but a calming influence to the lender (usually the major stakeholder). Both of these tasks are essential to business survival and success.
Time is not your friend and some of the friends you thought you had have no time for you. You need a Turnaround Specialist, you need Salvus Harbor Financial.
about us
Because we have been bankers, business owners and financial managers, we have a unique perspective and a set of skill levels other turnaround professionals lack. Can we turn all companies around? Quite simply – no. Some businesses should not continue.
We are very straight forward in our analysis and our recommendations. This is not to be offensive or abrasive, but we are blunt in a very professional manner. This is done since timing is your most valuable resource and the loss of time “sugar coating” everything hampers your progress. If we cannot see a viable turnaround, we will work hard to make sure your personal wealth is protected as much as possible.
Our plan is to take on the relationship with major stakeholders, including banks and trade suppliers, so that you and your management team and key employees can return to your business focus – sales, customers, profitability and cash flow.
As an owner, you have personal ties to your business – and this is not just money. Your heart is likely attached to your business and you identify yourself with it. We respect this, but at the same time, we are objective enough to be honest on what the future will or might hold. This enables you to make the best decisions, not only about the business, but about you and your family.
about you
Most web sites have the typical “about us” sections, but we need to make sure we know “about you”. If we are going to team together to make things better, we need to make sure you are ready to make choices that will lead to the greatest success.
You must be totally honest with us with information.
This is not a time to withhold anything. We also have ethics and morals clauses in our agreements, so if you have or plan to recover using less that honest methods – we are not the company for you.
You must be patient since the time it took to get into the current situation will likely take 3-5 (or more) times longer just to recover. You need to be open to all options even ones that may cause more short term pain.
You need to know that we are not miracle workers and despite creating a sound recovery plan, failure (however measured) may still occur. This can and is likely caused by deviation from a recovery plan or the decision by a major stakeholder not to provide sufficient recovery time or changes in its decision to participate in a recovery