|Turnaround Management for a Telecom Company
Jaguar Consulting, Inc. announced today that for the past eighteen months it has been engaged by a small telecom company located in Southern New Hampshire for turnaround management services. The company had been experiencing negative cash flow for the past several years.
Acting as the interim CFO/COO, a series of tactics and strategies were implemented to reduce the overall cost structure - inventory was reduced and sold, personnel changes were made, selective price increases were implemented, several high-cost suppliers were replaced, business processes were improved, and energies were re-focused on high productivity activities. Within 6 months the company was restored to nearly a breakeven position. The past year was devoted to initiating a number of marketing and growth strategies along with implementing some high-impact tactics to solidify the relationship with the current client base.
In spite of the current economic downturn, this company has turned profitable and is now poised for rapid growth.