Ben’s 10 commandments for a turnaround Ben’s 10 commandments for turnaround Liquidity issues are symptoms – find the root causes Actively manage credit Review the customer mix and steer away from bad payers Keep up-to-date financial records Don’t put prestige over profit Don’t have too few customers Set a target growth rate that is not too high Treat your employees like human beings but manage by objectives Don’t over expand – you should probably downsize Don’t borrow too much or at to high interest rates Sewell & Kettle Lawyers Professional law and consulting firm. Contact us 1300 996 001