Dynamic Business Solutions

We Fix Companies

If you are feeling financial pressure and it seems bankruptcy is the only way out, there is another solution. We help financially distressed businesses regain control, relieve pressures and begin the process of becoming healthy again.

Many companies have found themselves in trouble financially and aren't sure what to do about it, particularly over the past few years. If open to change, company owners can often overlook the impact an experienced outside voice can have in changing the direction of the company.

That's where Dynamic Business Solutions steps in.

What Is A Turnaround Plan?

It is a down-in-the-trenches, series of action steps intended to prevent failure, create stability and begin the process of recovery.

It is a 3 stage process: Triage, Stabilization, and Healing.

It is most often appropriate for companies under financial distress/duress.

It is not business coaching or strategic planning, (though that is a component of the long-term healing)

It includes steps to address the most pressing problems, knowing there are limited available resources.

How Do I Know If I Need A Turnaround?

Business Indicators

Cash is getting scarce
Meeting payroll is a struggle
Skipped payroll deposits
Behind on paying monthly bills
One or more cash advance loans
Loss of vendor credit
Collection calls and letters
Employees are nervous
Accounting records are in poor condition

Personal Indicators

Feeling overwhelmed, frustrated or out-of-control
Isolating oneself or avoiding calls
Fighting fires all the time
Losing motivation and becoming less confident
Wearing too many hats
What worked before doesn't anymore
Constantly distracted and anxious
Just want all these problems to go away

We Work Closely With You

We listen to your concerns and wrap our arms around the issues and causes, comprehensively reviewing your business. Together, we address short-term pressures and, more importantly, begin to work on an organized and flexible turnaround plan.

On Site Consulting

We work on site at your business to increase our effectiveness and effect a positive outcome. That's why we specialize in businesses with 1M-10M in annual sales in Rhode Island and nearby Massachusetts.

What are the typical steps to a Turnaround?

Phase 1 - Triage

Identify and address critical pressures
Stop the bleeding
Pick the low hanging fruit
Buy time and cooperation
Find ways to accelerate cash inflows and reduce outflows

Phase 2 - Stabilization

Improve cash management
Fix what's broken
Regain structure and control
Define vendor and employee expectations
Improve financial management and planning
Ensure reliable accounting records

Phase 3 - Healing

Implement good long-term practices
Institute controls to prevent backsliding
Rekindle business relationships
Create support systems
Construct a new, adaptable and sustainable normal
Don't forget to say "Thank you" to everyone who helped

Trust the Turnaround Experts at Dynamic Business Solutions

to Transform Your Business

Keys for a Successful Turnaround

Not all turnaround plans are successful for lots of reasons. Here is some helpful advice that we've seen increase the odds.

Rules for Success

Be humble, accountable and open to change

Become accessible and proactive

Honesty at all times

Limit the voices and commit to one plan

Recognize that it takes time and expect bumps along the way

Be grateful to those who work with you

There will be pain, bite the bullet and move on

Sooner is better than later, procrastination is not your friend

Flexibility and pivoting are the norm

It takes effort and commitment

Engage your employees and creditors in the process of recovery

Be accountable but don’t dwell on it

Patience, patience… then more patience

In most cases, it can be done!