Lessons from Mann-Gulch: Navigating Business Turnarounds

Lessons from Mann-Gulch: Navigating Business Turnarounds

Mann Gulch, a remote and rugged area in the Montana wilderness, may seem like an unlikely place to draw lessons for business turnarounds. However, the tragic events that unfolded there in 1949 offer valuable insights into the challenges, strategies, and mindset...
Construction Industry Woes

Construction Industry Woes

The financial woes of the construction industry in Australia are getting a fair amount of media attention at the moment, especially in Melbourne where there have been several large volume building companies fall over and be placed into administration. There seems to...
Seven Deadly Sins of Distressed Businesses

Seven Deadly Sins of Distressed Businesses

One of the best bankruptcy quotes is from Ernest Hemingway’s book ‘The Sun Also Rises’.  Mike is bankrupt and Bill asks him how he went bankrupt.  Mike said, “Gradually and then suddenly”.  He is absolutely correct – most businesses don’t go into insolvency overnight...
What are the benefits of restructuring a company?

What are the benefits of restructuring a company?

In Australia, company restructuring engagements are a relatively fresh approach to preserving and improving business operations, particularly for small to medium businesses. Restructuring a company involves reorganising one or more aspects of the business to increase...