Restructuring Companies | Approved Consultants
As a service to our clients, we recommend restructuring companies. Restructuring companies have the knowledge and experience to help financially-distressed businesses get back on track.
If you would like to use Candela Management Group as your turnaround firm, we would refuse. Frankly, restructuring companies that we would recommend are a much better choice.
Their personnel have turned around many firms in many different industries. The problems faced by a troubled company are much different from those faced by a start-up or a firm trying to become more efficient. As you may know, Candela Management Group is well-known for its start-up, efficiency and strategy practices.
We have worked with two restructuring companies that can do a good job for
you.
The first firm is our affiliate Turnaround Central, a
12-person firm with over 100 years of turnaround experience. The founder
of this firm, Dan Betts, has written the famous restructuring
companies manual, The Insider Secrets to Saving
Your Business: The Step-by-Step Turnaround Guide.
We recommend that you read this manual if you are serious about fixing your troubled firm. In addition, if you want the expert that “wrote the book,” then you should consider engaging Mr. Betts and his firm.
The other firm we would like to recommend is American Management Advisors. This firm is run by Erich Stolz. Mr. Stolz is a hands-on practitioner that has saved many firms and economic value over the past 20 years. He and members of his firm are active in the Turnaround Management Association.
Whether you choose Mr. Betts’s or Mr. Stolz’s firms, you can be sure that you will have strong people working with you, and that you have given your firm its best chance of survival.
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