A Restructuring Primer: Are you Ready?

Phil Holberton

Phil Holberton

Dedicated to helping you achieve your maximum potential

Reading Time: < 1 minutes

When War World II finally tilted in favor of the Allies with victory in North Africa, Winston Churchill celebrated the victory but with a cautionary tone in a speech in which he warned  “Now this is not the end. It is not even the beginning of the end; but it is, perhaps, the end of the beginning.”

I might say the same for the Corona pandemic.  The country may be re-opening but we’re far from ‘business as usual” and more than a few businesses have absorbed body blows that will soon manifest themselves especially if there is another lockdown. There have been multiple high-level Chapter 11 Reorganization filings (especially in retail).  There will undoubtedly be more.

We will euphemistically call these “restructurings.”   Even if your company is weathering the storm well, customers or suppliers who are not may affect you.  Their restructuring activities may affect their ability to buy from you, keep their accounts current, or secure critical goods and services from struggling vendors.

This short HBR posting, “Primer on Restructuring Your Company’s Finances,”  will test your knowledge of key aspects of restructuring.   Take time for it;  you may become part of someone else’s restructuring.

As Business Leaders, we are responsible for the health of our companies.  Are we doing all we can to be sure we emerge as a stronger Company?

Now ask yourself…… Am I a leader?

Contact us Today
CATEGORIES: CEO, Decision Making

Set the Tone for a Successful Career

Don't let your title dictate your strategy. Rather, use these 7 steps for a smooth transition and to succeed in the most important period of your employment: your first 90 days.

As a new manager or leader, you have your work cut out for you but it's important to slow down and be strategic. Many careers get sidetracked during the first 90 to 180 days because the entry was too fast. Follow the advice in this free white paper to set the tone during your onboarding and to set yourself up for success.

Thank you for your interest! Check your inbox to confirm your subscription and receive your free white paper.