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The decline and recovery curve - Step 7 - Recovery

Published: 02/12/2021 By Jane Price

If you missed parts 1-6 of our Decline and Recovery curve blogs see links below

Our final part of the decline and recovery curve is about recovery. Knowing the business is back on track and back in business will be a much needed weight off for any business owners mind.
 
Bouncing back to a profitable and sustainable growth after being faced with the threat of collapse is a relief for any owner. But once recovered the advice and support received from experienced professionals does not stop there.
 
The goal is to now ensure all the changes that were made to get the business through the crisis remain in place and old habits are not fallen back into.
 
Usually, the troubles a business face are down to the actions and decisions of the owners and managers. COVID-19 has not helped and most certainly been the catalyst to some if not most of the issues a business has had to face in recent times. However business owners still have some responsibility for any other concerns the business may have been in.

Moving forwards there may still need to be some assistance from a professional such as a turnaround practitioner to continue to work with the business owner to create new better habits as well as a more profitable approach to the business.
 
turpin barker armstrong are turnaround specialists, if you need some assistance getting your company back on its feet, or perhaps a new perspective on how to be more profitable why not give us a call.
 
Call 020 8661 7878 or email insolvency@turpinba.co.uk 


Decline and Recovery Curve - Part 1

Decline and Recovery Curve - Part 2

Decline and Recovery Curve - Part 3

Decline and Recovery Curve - Part 4

Decline and Recovery Curve - Part 5

Decline and Recovery Curve - Part 6