Looking at a business turnaround, there are two different types, each with its own different strategies that can help to turnaround a struggling business? You can never assume that there is only one right answer or strategy to a particular problem. Each business has its own unique set of problems as each business has its own distinctive ‘recipe’ for the way it runs and operates. It is dangerous to believe that what worked for a similar business will work for yours.
By understanding what a business turnaround realy is and the different options available makes it easier to chose the right one for your business.