Restructuring

Service Description

Most SMEs remain unaware that it is time to restructure, especially while pursuing ambitious growth. Delaying action until a crisis is severe makes restructuring harder. Those SMEs attempting a restructuring find extremely difficult due to challenges like: • Complex Family Dynamics: In family-owned SMEs, complex and unresolved family issues can significantly hinder the speed and effectiveness of restructuring. • Owner’s Reluctance to Delegate: Owners, typically the original founders, often have difficulty letting go of control or delegating decision-making. This "hands-on" approach can create obstacles during restructuring. • Implementation Cost: Restructuring often involves deployment of new or additional or upgraded resources (including personnel) that may raise concerns regarding the budget's feasibility or limits. • Communication Breakdowns: Inconsistent, inadequate, or insufficient communication can fuel rumours, leading to confusion regarding the impact and outcome of restructuring. • Employee Fear: Employees often resist restructuring due to fear of changes in responsibilities, loss of status, and even job loss. Anxiety, confusion, and perceived unfairness decrease engagement. • Operational Disruption: Poorly executed restructuring can lead to work execution delays, service interruptions, and a decline in work quality that can drive the customers to competitors. • Reputational Risk: A mismanaged restructuring can have long-lasting effects on a company's reputation and its ability to attract future talent. Our Role: We do not simply offer advice and exit like consultants; instead, we remain engaged as active business participants and continue to contribute until desired results are achieved. We collaborate with top leadership, every function, and each team member to address and resolve the underlying issues until we achieve a successful restructuring.