Call us at : +91-9880362344

Call us at : +91-9880362344

Business Questions

Turnaround for stagnating Business

Most business units fail to make profits or starts accumulating losses with no visible reason. Various experts give standard reasons for failure of business such as:


  • Lack of finance
  • Lack of innovative product
  • Lack of knowledge
  • Lack of market
  • Lack of perseverance
  • Lack of planning
  • Lack of technical know-how
  • Back-stabbing by partnership issues
  • Environmental hurdles
  • Global slump in the market share
  • Hurdles from competitors
  • Panic driven issues on the products
  • Political interference
  • Product becoming obsolete
  • Regulatory hurdles
  • Unexpected quality rejection etc

However none are able to clearly guide and mentor an individual into a top businessman or a top businesswoman. But, we do by attending to very vital areas not known or visible to ordinary eyes or technical experts!

In a nutshell, we will guide you

  1. Whether to continue with this business or
  2. What is the scope for Turnaround with a new look to make it a success or
  3. How to retrieve the resources and re-launch a new project

TURNAROUND OF STAGNATING BUSINESS

SL No.AREA OF BUSINESS
MindScope Score will be obtained in a Scale of 1 -100
1 HEPTALYSIS - EARLY STAGE ANALYSIS
  1. FUTURE MARKET OPPORTUNITY
  a. New product introduction
  b. Old products revival or refurbishment
  c. New Product Trading
  2. PRODUCT / SOLUTION
  a. Is the product/solution in tune with the time?
  b. Struggling units shall be closed down
  c. Present Tech issues and shifting the strategy
  3. EXECUTION PLAN
  a. How sound & strong the turnaround plan?
  b. All staffing must go down meaningfully
  c. Outsource - as many as corporate works
  4. FINANCIAL ENGINE
  a. Spend only on restructuring the company with focus exclusively on operating profit
  b. The ratio must be cost cutting 50% and doubling the sales / profit
  c. Get rid of non-performing persons, assets, products, brands, and bad debts
  d. Set a new financial target
  5. HUMAN CAPITAL
  a. How positive & strong is the present HC?
  a. How positive & strong is the present HC?
  c. If not, seriously consider job reductions across the organization
  d. Adapt other strategy & cut “sales staff”
  6. POTENTIAL RETURN
  a. Will the turnaround bring in high return?
  b. How long will it take for the recovery?
  c. Success %age of this turnaround?
  7. MARGIN OF SAFETY
  a. What is the margin of safety?
  b. Is it worth going for a turnaround attempt?
2SWOT ANALYSISSWOT
  a. AREAS OF VULNERABILITY  
  b. CORE COMPETENCY IN ALL AREAS  
  c. ECONOMIC CLIMATE  
  d. EVOLVING CUSTOMER NEEDS  
  e. FAVORABLE TRENDS  
  f. FOLLOWING THE BUSINESS MENTOR’S IDEAS AND ADAPTING SUGGESTIONS  
  g. IS PRODUCTS DEMAND GROWING  
  h. LEVEL OF MARKET DEPENDABILITY  
  i. LEVEL OF PARTNERS / DIRECTORS COMPETENCY  
  j. LEVEL OF STAFF COMPETENCY  
  k. LEVEL OF STAFF DEPENDABILITY  
  l. LEVEL OF STAFF PARTNERS / DIRECTORS DEPENDABILITY  
  m. LEVEL OF TECHNOLOGICAL ADVANCEMENTS  
  n. MARKET SHIFTS  
  o. MARKET VOIDS / MARKETING SCOPE  
  p. OBSTACLES FROM EXTERNAL SOURCES  
  q. OBSTACLES FROM INTERNAL SOURCES  
  r. OVERALL ADVANTAGES  
  s. PRODUCT CONVERSION TO CASH  
  t. RESOURCE DEFICITS  
  u. REVENUE SOURCES ARE GOOD  
  v. SOURCES OF REVENUE LOSS  
  w. SUPERIOR PRODUCT QUALITY  
3MindScope -DIVINE ANALYSIS
Score will be obtained in a Scale of 1 -100
  a. LACK OF PLANNING CONTINUES
  b. PRODUCT HAS BECOME OBSOLETE
  c. HURDLES FROM COMPETITORS
  e. THE PRODUCTS ARE NOT INNOVATIVE
  f. THE PRODUCTS LOST THEIR MARKET
  g. LAND HAS MAJOR ISSUE
  h. BUILDING HAS MAJOR ISSUE
  i. ONE / MORE PROMOTERS ARE THE CAUSE
  j. UNKNOWN OBSTRUCTIONS SEEN
  k. ANY OTHER ISSUES
4OVERALL RECOMMENDATIONOption to Ignore
Yes / No
Highly Recommended
  a. CONTINUE WITH THIS BUSINESS  
  b. WHAT IS THE SUCCESS RATE OF THIS TURNAROUND INITIATIVE  
  c. DIVERT THE RESOURCES TO RE-LAUNCH A NEW PROJECT  
  d. CHOSE THE RIGHT BUSINESS MENTOR, LISTEN TO THEM, ADDRESS ISSUES REVEALED BY YOUR SWOT ANALYSIS  
  e. BENCHMARK YOUR BUSINESS, WHICH CAN HELP YOU COMPETE WITH YOUR BUSINESS WITH YOUR COMPETITORS.  
  f. CONVERT YOUR WEAKNESSES NTO STRENGTHS BY ADEQUATELY TRAINING YOUR STAFF  
  g. CONSTANTLY KEEP ON UPDATING BY SEARCHING WHAT OTHER RESOURCES, TOOLS, AND OPPORTUNITIES ARE AVAILABLE TO HELP YOUR BUSINESS  

You may wish to       >>>Business Questions

You may wish to ask>>>Consult Now