Business, Finance & Law      Management

From Red to Black: How to Turn a Business Around

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Book Details
Language
English
Publishers
Red to Black Books (15 May 2024)
Weight
0.36 KG
Publication Date
15/05/2024
ISBN-10
1732789150
Pages
266 pages
ISBN-13
9781732789159
Dimensions
15.24 x 1.83 x 22.86 cm
SKU
9781732789159
Author Name
Robert S. Curry (Author)
Bob Curry is renowned as an author and has written three books about his experience with turnarounds (Red to Black, The Turnaround, and The Turnaround 2). Bob is also a CEO coach, business mentor, and profit improvement (turnaround) expert. A seasoned executive, Bob has extensive management leadership, business consulting, and financial experience. This includes over 25 years of experience in the capacity of President, CEO, Chief Financial Officer, and Chief Operating Officer of companies ranging in sales volume between $30 to $1.3 billion annually. Bob gained a wide range of financial, operational, and organizational consulting management experience as well as exceptional experience in improving productivity, cost-cutting, and implementing policies and procedures to establish a system of accountability throughout the whole organization with one of the most respected consulting firms in the nation.Specialties: Successfully accomplished 80 financial turnarounds for companies ranging from $5 million to $1.3 billion in annual sales. Demonstrated strong leadership skills as he created a successful business record in building value in companies in varied industries: Distribution, Service, Retail, Real Estate Development, and Health Care.Bob has an undergraduate degree in Accounting (Business Administration) and a Master's Degree in Taxation from Widener University.Read more about this authorRead less about this author
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I introduced myself to David as a "profit improvement consultant. " Most clients dislike the term "business turnaround specialist.

" The mission is the same: pull the company off the ledge of bankruptcy and get to positive cashflow and profitability as quickly as possible. David's company was, on the outside, successful.

He'd created a fantastic product (in this case, innovative hurricane shutters for residential and commercial Florida), but his operations were bleeding his cash. The further they projected out, the more red the numbers became.

David had one Hail Mary-that was me. I came in to assess his company on Monday, December 7th, and we had until Monday, January 8th, just five weeks, to bring his company from red to black.

In the pages of this book, you'll see the behind-the-scenes of exactly how this turnaround was executed. And by Tuesday, July 6th, within six months, the company was fully righted and had become the most profitable company in its vertical in the state of Florida.

In fact, David had planned to sell his company. But by the time all of these Profit Improvement items were complete, the company was so profitable, he decided to keep the company, bought a boat, and started fishing on the weekends, knowing his company had a profitable future.

This is only one of case study in my twenty years of turning around companies, and I chose this case study exactly because it highlights so many of the lessons I've learned over the years that I want to pass on to business owners who are seeking to maximize the profits in their company. And the ultimate lesson is this: There is no substitute for a strong leader to make a company profitable.

Read From Red to Black, and you will learn how to be that leader. .

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