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Farlega’sSERVICE

Crisis Management

What Does an Independent Professional See that You Don't?

Problems don't appear overnight nor do they disappear unattended. Moreover, situations tend to deteriorate at an accelerating rate. Swift, decisive and proactive steps are required to halt the downward spiral. This is what "crisis management" and "corporate restructuring" is all about.

Since 1999 Farlega has assisted and guided companies back to financial and operational stability. We focus on a rapid and correct diagnosis followed by immediate triage. Immediately after the diagnosis, the company can be repositioned and set on a new and grounded course. We then work with management and implement the new plan with precision and assurance.

We enjoy an excellent reputation in the legal and financial communities. These relationships enable our clients to have enough time to properly restructure and turnaround their eroding situation.

Call us and discuss how Farlega can help your company in times of crisis.

What Warnings Signs Did You Miss?
 
Corporate crises usually have a common thread. Management is often too close to the situation to see "the big picture" as it begins to unfold. The management team isn't expected to have turnaround experience, yet that is the situation in which they find themselves. They need a support system and they need it fast. A crisis or turnaround is not the time to learn on the job. Enlisting Farlega's services also permits management to focus on the every day corporate needs.

Time cannot be wasted through guessing or trial and error and management still has to focus on corporate operations and sales. The creditors usually want immediate action and answers. Options quickly narrow down to one or two unpleasant scenarios. By using Farlega when time is still on your side, the chances for a positive outcome are greatly enhanced. It requires confidence that comes from years of experience and a strong professional reputation.

Our proven track record and proactive model assists balance and growth for our clients. So often management states, “we should have considered the Farlega option six months to a year ago”.

A successful restructuring has four elements:

  • Defining the financial goals
  • Creating the operating plan
  • Verifying the plan and direction
  • Working and confirming with management the timing and implementation
  • Executing and implementing the plan


However, the first element alone can be quite difficult. In seeking appropriate and realistic financial and operational objectives, conflicting issues arise. One set of actions may have an undesirable set of reactions. For example, the objective of reducing cash burn often means decreasing personnel. But that decision can result in lower sales and slower product development. Conversely, a turnaround plan usually calls for sales growth. So conflicting action steps need to be reconciled and coordinated to achieve the desired results. Additionally, in the midst of crisis the company must somehow find the time to create a plan and implement it. By relying on Farlega to develop the plan and guide its execution, the corporate management team is able to leverage its time and focus on daily operations.

 

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We know the industry and the industry knows Farlega. Farlega provides business consulting, financial management, human resources consulting and services for buying and selling of Timeshare for companies such as yours.
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