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Turn it on a Dime! You wake up one morning with an undeniable and arduous task before you. You can feel it in your bones. You can see it in your financial statements.
The credit line at your financial institution is uncomfortably high, maybe at the limit. Your receivables look terrible, as you have hesitated to press too hard on customers who are also friends. Bonus payments to hard working, well intending staff may need to be reduced or eliminated.
You are over inventory and out of stock. Why in the name of humanity are you in this forsaken business in the first place?
Sometimes the trouble has risen up in a flash.
A handful of critically important high volume customers may have gone belly up due to either market factors or due to their own mismanagement issues. They owe you thousands, and all critical cash flow comes to a screeching halt. Major employers in your market may have shifted their focus with devastating economic repercussions.
This is the case in Michigan, where regional economic challenges cascading from the on-going collapse of GM and Ford are clear cutting dealers. The only critical consideration for a dealer was keeping up with demand.
Employees of Ford and GM no longer think about another new house or a second home at the lake. They are wondering how to make the payments on the house they have now. Dealers are wondering about their mortgages, too. Some are losing their businesses while many others are losing the heart required to continue to make their businesses succeed.
While devastating, sudden business troubles are the exception and never the rule. Most often a turnaround moment does not come suddenly or unexpectedly. Typically, the health of an organization worsens gradually. Slack practices in multiple executive areas erode operations over time and lack best practices and policies to pull you back into sound operations.
Yard and Delivery practices began slipping long ago.News, analysis and research for business technology professionals, plus peer. green computing ppt presentation free download Share and Download Free PowerPoint Templates, Presentation Slides and PPT .
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