Who contacts Business CPR and Why?

The majority of our calls are urgent calls from a CEO, CFO, owner, board member or secured creditor when some precipitating event has triggered a potential or actual corporate crisis.

How do I search for the right turnaround professional to help me restructure my business?

If you have started your search for a turnaround and restructuring professional and are seeking an experienced firm, then we are here to help. But first some advice…….

At first glance all turnaround professionals seem the same.Most have experience, a qualified resume and similar fee schedules. Some are large firms with downtown offices and high overhead, others send in teams of junior professionals under senior leadership, and yet others are solo practitioners with perhaps a finance background or previous indirect control of a turnaround.

At Business CPR,we are different. We are a boutique turnaround firm. We operate our business the way we want you to operate yours: Lean and with Low Overhead.  We pass those savings on to you with one of the best value based fee structures in Florida.

At Business CPR ,you only deal with the Principals. We are all either current or former C-level executives. We possess an action-oriented, results-driven attitude.

We are hired most commonly  in the role of Chief Restructuring Officer (CRO)or as the trusted adviser to the CEO and/or Board. We have also held Interim CEO and COO positions depending on the circumstances.

The principals at Business CPR have over 50 years of combined diverse business experience in many industries including, but not limited to:  wholesale distribution, technology, food processing, manufacturing, contracting, professional services and real estate.

Most of our turnarounds are located in Florida and we are extremely well networked in the accounting legal, banking, financing and business services communities.

Business CPR uses a structured and process-driven approach  to our turnarounds.

Our 10 Step Turnaround Process was  developed from our vast collective knowledge base which we have refined over the last decade and continue to refine at every opportunity.

Our specialty is an out of court restructure. In our opinion this is the optimal way to preserve enterprise value and to avoid the stigma and publicity of bankruptcy.We believe, unless the circumstances are dire, that an out of court restructure is always the first line of defense. In the event a Chapter 11 is necessary, we work with the company preparing for that transition.

The following is a brief outline of what happens when you retain Business CPR :

The Number 1 priority is always CASH, CASH, and CASH. 

The saying goes “Out of cash then out of business”. At Business CPR we use our experience and creativity to create cash in your empty bank accounts. There are very few instances where we have not been able to create liquidity after a short time.

Once we shore up the cash reserves, we start our 10 Step Turnaround Process which includes performing a Business CPR Diagnostic. This is a series of interviews, town hall meetings, conference calls, etc. with your team, in combination with an in-depth review of your financials, your operations and your sales cycle.

Performing a Diagnostic is more than asking questions. It’s an art and a science. It’s about performing an exploratory surgery on your corporate mind and body, identifying the illness, and prescribing a treatment plan to solve the problems at hand.

We are outstanding at finding, defining and cutting to the core of the serious issues strangling your business.

Next we develop viable solutions in concert with management.

We then take all the information gathered, and after many revisions involving dissection of data and scenario analysis and we create a plan of reorganization.

Business CPR remains with the company until that plan of reorganization is implemented. Unlike some other professionals, we view our job as “doing ourselves out of a job”. Once we have stabilized your company, restored confidence with creditors,increased cash flow and profitability and positioned you for growth, then it’s time to get back to business as usual. In our complex cases we have, on average, finished our assignment within 6 months.

We encourage you to take advantage of the free "initial consult" call we offer. Alternatively,  we would be happy to make a site visit at a mutually suitable time if that option works better for you. Just click on the "Next Step Free Initial Consultation" button on the lower right on the Home page or go to Contact Us.

We hope you never need us, but if you do, we look forward to meeting and working with you.

Sincerely,

Michael Hannwacker, Principal and Co- Founder

Brett Fadeley, Principal and Co- Founder