At CN Strategic, our professional business advisors will analyze your business and highlight significant opportunities to improve your situation. Our strategic planning facilitation can be a vital link to a successful future. Our management consultants are based in Lincoln, Rhode Island, and provide services to clients across the Massachusetts, Rhode Island, and Connecticut area.
Our benchmark analysis will map out where you are relative to your historical performance and your industry competitors. It provides specific and easy steps to increase profitability. This is one of the best steps a business can take to improve its performance.
Need an impartial and skilled manager to step in and act as a Receiver, Chief Restructuring Officer (CRO), or Interim Manager? Let our experienced CEO’s and CFO’s help you through critical times.
Hiring a Turnaround Professional to help with Business Turnarounds or Loan Workouts can save you thousands of dollars, time, and resources. Our management advisory firm is based in Lincoln, RI, and serves clients across Southeastern New England.
As a professional turnaround and financial management advisory firm who specializes in providing and implementing critical financial and turnaround strategies to help firms in crisis recover, and performing businesses take their enterprise to the next level. We are frequently engaged by business owners/boards, parties in dispute, lenders, or courts.
We pride ourselves on completing our professional engagements on time and with optimum results. We can achieve these results because of our decades of unique experience, professional training, and a keen understanding of what it takes to make a business work!
Increase Cash Flow Today . . .
For many companies, uncertainty about cash flow is a major issue. Our certified advisors will analyze your cash flow and point out significant and immediate opportunities to improve the business’s cash situation.
Unless they are professional managers, most entrepreneurs grow their businesses to the point where common-sense management ends and professional management begins. During this transition, day-to-day management can easily consume most of their time. So, they end up doing less of what they did to build their business and make money. Management paralysis, bad strategy, and bad decisions are common at this point. The stress of trying to learn new skills and balancing work and family obligations can be overwhelming.
Our business management system (process) produces a business that runs efficiently, with sustainable margins, predictability, and appropriate controls. Getting your business to the point that it runs like a Swiss watch without your daily involvement is a process, but, it is achievable. First, however, the business leader must gain control of the business. Our broadly experienced consultants will work along-side you throughout this process.
Why should a company even care about benchmarking? Well, if a horse is running a race by itself, it will win every time; and we all like receiving the big trophy. Unfortunately, commerce is anything but a single-horse race, and even a personal best doesn’t necessarily secure the big trophy or land a new, big client. In each industry, there are many other competitors, and globalization will only make the race closer in the near future. Knowing where a company ranks in the race—before the starting bell, halfway through the race, and right before its conclusion—makes it easier for management to change its methods and influence the company’s final position (if there is a “final position” at all in business).
Our benchmarking services will use objective metrics of success (Key Performance Indicators) that are easy to assess and measure and can also be modified by management decisions. These measures of success, which are often financial, can be benchmarked or compared to a company’s peer group to give the business an idea of how its performance positions it in the race. Benchmarking the financial performance of a business against that of its peers is an important aspect of running and growing a business. Our advisors will walk you through the process and show you where we start the procedure of financial benchmarking, how we evaluate the data to be used, how we select which financial metrics to measure over time, and which resources can help with the process.
It is critical to know how to interpret data realistically and in context. That is why it is important to work with an experienced and certified advisor to understand what the data is telling him. We believe in a holistic approach to corporate renewal and improvement. With that in mind, we study the big picture and the details when we look at a client company.
We will provide you with easy-to-understand reports that clearly tell you:
As you encounter day-to-day business problems and need advice we will be there for you, your key managers and/or your successors. Whether you need to conduct a comparative what-if analysis or need advice on how decisions will affect cash flow, just pick up the telephone. We have a business model too and it revolves around the long-term success of our clients! Our business mentoring and benchmarking services can help optimize your company to promote growth and development.
Of course, we provide you with the results of our assessment. But, we take it farther than most “business consultants” or “executive coaches”. We spend the time to review our assessment reports with you and make sure you understand the valuable “take-aways.” If you wish, we will continue to work with you, guiding you as you plan and begin to implement your vision. We will help you to regain control of your time and your business while providing tools to help you and your business achieve your long-term goals!
When you need an impartial and skilled manager to step in and act as a receiver, you should turn to a certified professional turnaround manager to maximize your return in the shortest time. Whether the assets in dispute are a going business concern, real estate, or something else, our management
experience and practical, real-world, expertise will always result in better outcomes for the parties in dispute. The process of the turnaround and disposition of assets in dispute is an art that requires specific business knowledge and training in order to maximize the return to the parties. We understand that a receiver serves as an unbiased representative of the court, for the benefit of both parties in dispute.
In the event of a sudden absence or illness of a business owner or to assist in a smooth transition of power, we are available on an emergency basis to step into the shoes of the CEO on a defined interim basis. These engagements can vary from benign to aggressively defending against creditors or minority shareholders. The parameters are addressed in a comprehensive engagement agreement detailing authority, duties, goals, and expectations. The availability and expertise of certified firms like ours can take a great deal of stress out of an otherwise untenable situation.
A Chief Restructuring Officer (CRO) is generally an outside professional brought into a failing business concern to protect the asset value or effectuate a “turnaround.” We have significant experience performing this task for various parties. The CRO operates under a negotiated agreement that details their duties and authority.
While a CRO may be engaged exclusively by the company’s board of directors, they are often engaged as an out-of-court alternative to a receivership. In this case, the CRO works as an unbiased and independent manager for the benefit of all of the parties. Based in Lincoln, Rhode Island our firm brings professional credibility to the table. Our focus is on maximizing value for the parties within an expedited and realistic time frame.
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