What is Growth and Rescue?
Most businesses, especially commercial enterprises and SMEs exist in a state of constant change. Companies are often affected by:
- environmental & external pressures.
- additional and/or competitors who undercut a company’s business model.
- improvements or modifications to technology.
- changes in consumer behaviour.
- ever demanding challenges with internal staff and employment law updates.
Even the most stable and solid of businesses go through periods of change where additional support and expertise may be required.
It is during these desperate times that managers can try to formulate a 'quick fix' for the situation. However, this can often lead to incorrect decisions being made, leading to the further decline of the business.
To discuss how our growth and rescue service or our HR advice could help your organisation, please get in touch.
How We Can Help
At Lanes Employment Solution Specialists, we have mastered turning a crisis into a positive outcome by exploring all options available to you and identifying the best action in your circumstance.
We can significantly help in this area by carrying out a completely independent and detailed appraisal of your:
- Current Strategy
- Markets
- Competition
- Products or Services
- Organisational Structure
- Operational
- Management processes
- Team
Drawing upon our expertise, we will determine why your company is stagnant or declining. Then we will create and develop innovative strategies and solutions to help get your company back on the right track.
One of the biggest benefits of engaging our Growth & Rescue Specialists is the objectivity they bring to your company. Our impartiality means our specialists can make unpopular recommendations that, whilst difficult, are in the best interest of your company.
If you believe that your business could be performing better then contact us for a confidential, no-obligation discussion to see how we can help your business with our HR advice and support.
How It Works
Our Growth & Rescue Specialists will work with you as part of the company on an interim basis to delve into your core business activities and focus on providing sustainable solutions and delivering improvements to the margins and bottom line.
We work with struggling and distressed companies facing operational and financial difficulties to try and establish stability, restore stakeholder confidence and focus on growth.
At Lanes Employment Solution Specialists, we can focus on:
- Improvements in working capital - and implementing necessary measures
- Cash collection management
- Portfolio management
- Sales force rationalisation or revised compensation systems
- Elimination of excess capacity (plant, equipment, buildings or staff)
- Introducing new or reduce service/product lines
- Streamlining of logistics infrastructure
- Acquiring other businesses
Our experienced and highly regarded specialists will provide clarity, stability and confidence by instigating the necessary changes to deliver rapid and tangible results to your organisation.
Lanes Employment Solution Specialists provide a completely bespoke and tailored solution to each case. We work hands-on and draw upon deep industry and operational experience working within legal, regulatory and corporate governance frameworks, to find the most appropriate resolution for your business.
OUR APPROACHES
If one of our specialists determines that your organisation is still viable, our next-step strategies normally proceed one of four ways.
Retrenchment
Here, a wide range of short-term actions will be recommended to; reduce financial losses, stabilise the company and to battle against the problem that is the source of the poor performance. This can be achieved through; selling assets, abandoning difficult markets, halting unprofitable production lines, downsizing or outsourcing. This strategy will be efficiency orientated and refocus on core business.
Repositioning
This strategy attempts to generate revenue with new innovations and change in product/service portfolio and market position. This can include; the development of new products, entering new markets, exploring alternative sources of revenue, modifying the image or brand of the company or altering company objectives.
Replacement
Replacement is where top managers are substituted. This is used when there is a belief that new managers will bring strategic change through different experiences and understanding. This strategy is bold but is utilised where there appears to be a complete failure of the current incumbent/s to recognise that vast change is required in order to prevent the business from failing.
Renewal
This strategy concentrates on long-term actions which can improve managerial performance. All structures are analysed and may end with the closure of some divisions, increased market development or expansion into new areas. Equally innovative core competencies are implemented which culminate in increased knowledge and stabilisation of the company.
Our Services
You may wish to bring one of our Specialists in to undertake a 'complete project' or you could 'mix and match' and utilise a Specialist to complete a specific task.
We can help with:
- Conducting organisational needs analysis or a business recovery strategy.
- Assessing external and internal threats which impede viability to the business.
- Crisis management.
- Developing visions and strategic plans.
- Establishing how to raise adequate resources for the operation of the organisation.
- Researching potential funding/grants for the organisation.
- Managing/Supporting local or global projects.
- A comprehensive overhaul of existing systems and processes.
- Operational streamlining.
- Business divestment.
- M&A analysis.
- HR advice.
- Cost reduction strategies.
- The design of ongoing programmes for organisational development.
- A comprehensive review of payment terms & credit management.
- Portfolio management (Introduction or reduction).
- Elimination of excess capacity. Sales force rationalisation or revised compensation system.
Is Your Business Failing?
Statistics show that 9 out of 10 businesses fail in their first ten years and of the 10% that survive, 9 out of 10 will fail in the following ten years.
Why businesses fail is about as worthwhile as asking "how long is a piece of string?". There are many reasons why businesses can fail. From extremely poor management (Internal factors) to a full-blown recession (External factors).
Whatever may be the case, it is always a very challenging, upsetting and extremely worrying period, particularly when business owners have invested a high level of personal capital.
There are some warning signs that business owners should be on the lookout for. If you can recognise many of the signs in this document then it is likely that your business is under pressure, at risk, or insolvent.
Get In Touch With Us
Not all businesses are recoverable, and some will inevitably slide into terminal decline. If this is the case, you can be assured our specialists have exhausted all options and solutions.
For expert HR advice and further details about our growth and rescue, please get in contact with us.