Every business has moments when the company is idling and the financial results and growth cease to increase. Before the company is facing a state of emergency, it is important to take the needed measures and get a professional manager on board. Sometimes it is too late to try the changes with a “soft hand” and with small, incremental steps. That is when changes need to take place fast, the organization re-shaped and the clients confidence regained.
Whether it is a new board member, even a new board, a managing director, or just an advisory aid that releases the situation, is somewhat irrelevant. The main issue is the owners’ reaction to rectify the situation.