Business in crisis
Case Study: Business in crisis
OUR SOLUTION
Accounted was hired on a contract basis to stabilize the company and avoid bankruptcy. Within the first 2 weeks of the engagement, they executed five key tasks.
Next steps included additional actions to conserve cash.
+ Eliminated two satellite offices
+ Consolidated overlapping insurance policies
+ Eliminated company car perks
+ Refined employee benefit plans
Accounted instituted a laser focus on profitability.
Accounted worked with the management team to focus on profitability and uncovered ways to improve gross margin. Jan and Candice became part of the executive team, supporting the owner in his quest to save the company.
