Review & Decide
Review progress and decide whether to continue, refine, refinance, seek specialist help, or evaluate strategic options.
Take stock honestly. Look at cash, commercial and operational progress, and the owner's own capacity — then decide the path that makes sense next.
Objective
Review progress and decide whether to continue, refine, refinance, seek specialist help, or evaluate strategic options.
Key questions
- 01Has cash position improved measurably over 12 weeks?
- 02Is the core offer commercially viable on a sustained basis?
- 03Is the operation running more efficiently and less owner-dependent?
- 04Does the owner have the energy and capacity to continue at this pace?
- 05What is the honest next decision: continue, refine, refinance, seek specialist restructuring support, or explore alternatives?
Typical pressure points
- Progress unclear because it was never measured
- Underlying viability still uncertain
- Owner fatigue and dependence unchanged
- No clear decision on specialist help or strategic options
Practical actions
- 01Compare cash, margin and sales against the week-1 baseline
- 02Assess whether the core offer is generating sufficient demand and margin to support a sustainable operating model.
- 03Review how much less owner-dependent the business has become
- 04Consider the owner's own energy and capacity honestly
- 05Decide the next route: continue and refine, refinance, pivot, seek specialist restructuring support, explore a sale or transition, or consider an orderly wind-down with appropriate professional advice where necessary.
Relevant tools
Important — please read
If your business is under significant financial pressure, Turnaround Toolkit cannot determine whether the company is solvent or insolvent or whether continuing to trade is appropriate. If the company cannot pay debts as they fall due, has received formal demands, or you are concerned about your duties as a director, seek prompt advice from an appropriately qualified insolvency/restructuring professional or solicitor.