The full title of the book by Ian Turner is
How to Save a Small Business: When you can’t afford to lose it
In my review posted on Amazon.co.uk, I gave it 3 Stars.
Here is my review.
Helps you to face up to the issues
Insolvency is a legal issue and this book talks about various legal issues but it’s written based on the USA. It’s essential you find out about your own country’s requirements.
While the rules will be different, it spends significant time talking about how you can protect your personal assets if the case is inevitable.
The next step is to control cash flow and costs to create enough time to develop a plan to turnaround the business.
The final stage is about how to develop the strategies to turnaround the performance of the business. The ideas are presented in bullet form and are short and concise. Unfortunately I think this is the weakest part of the book because it doesn’t help you form an assessment of whether the product-markets the business is active in, offer potential for future profitable growth or help you to analyse what is needed in terms of advantages or strengths to exploit any opportunities.
Even though the law doesn’t apply to you, assuming you’re based in the UK, the book highlights important issues to consider and at least provides you with the kinds of questions you need to be asking an insolvency professional or a lawyer.
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