Business reorganizations are becoming more and more common, especially during such a fragile period for Italy where many businesses are created but are forced to close after an extremely short period of time before they have had time to grow and get going properly. The market is fluctuating and sometimes new firms that are only two or three years old undergo such losses that they are no longer capable of fulfilling their obligations towards their creditors.
It is possible to overcome small crises with targeted business interventions. However, more complex cases and extraordinary transactions such as mergers and acquisitions, which aim to improve the efficiency of a business and reduce management costs, require a true process of business reorganization.
This type of intervention reorganizes all areas of the business, including transactions and production in order to contain the losses, reschedule the debts and achieve a financial, economic and asset balance.
The first step that needs to be taken when reorganizing a business is to regain economic balance especially if the business is insolvent and is close to insolvency. Liquidity is extremely important for a business regardless of the expenditure whether it is for the rent, the staff, essential income or day-to-day expenses.
In cases where there is a more in depth business reorganization, that is to say when a business is on the brink of bankruptcy, any intervention taken is more purposeful and specific. It aims to completely re-examine the business system reshaping the financial, industrial and asset structure and also considering insolvency procedures.
Sometimes a business owner is forced to take important decisions to protect their business and their own interests. This is done through strategic communication, staff redundancy, choice of business partners and the possibility of an agreement. These are all steps that can offer wider chances of success for a business. For delicate measures such as these, it is advisable to approach a consultancy firm such as Studio Bocca, where there are experts specialized in the process of business reorganization that can help and support business owners in difficulty, with the aim of rescuing the profitability of the firm a guaranteeing success in the future.
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