SEWN offers 5 ‘Turnaround Services’ to help your business get back on track. Our services are funded by the Pennsylvania Department of Labor, and are offered to your firm free of charge. Depending on your business’s needs, we can help you:
Read more about these services and contact SVA to schedule your complimentary consultation!
If your firm is facing financial hardship, SEWN can help to:
Stabilize the immediate situation
We work with creditors, investors, and management to help you immediately restructure your balance sheet and create new ways to generate cash from internal operations and outside sources for your business.
Return to Normality
Once cash-flow is stabilized, we work with you to correct the underlying problem(s). This can include addressing cost-containment issues. Finally, we work with management to create a system of financial evaluation that allows management to track the company’s progress and prevent any future downturn.
SEWN works with you to streamline your company’s operation. Inefficient procedures can hinder your business’s success, whether on the assembly line or in administration. Identifying and correcting those operating issues can save your business time and money.
We’ll work with you to evaluate all aspects of your operations: production, marketing, sales, finance, and/or human resources. Our staff can serve as facilitator or project managers to help you restructure your operations, as well as refer you to the appropriate private or public resources.
If your firm is in financial distress, can’t get a loan, or isn’t able to refinance, transitioning ownership may be another option. Ownership transition can be a powerful tool to turn your company around and avoid layoffs. There are different types of transitions: management buyouts, employee ownership plans (EOPs), third party sales. We can help initiate these transitions, facilitate the process, or find a buyer for your company. Transitioning may allow you to get your finances back on track while keeping your doors open.
Find New Markets
SEWN provides free or inexpensive sales assistance to diversify your market. For example:
Creating a new use for your current product
Improving your product to meet new requirements
Exploring new geographic areas, industries, and demographics to market your product
Creating a web and social media presence for your business
Achieve a High Performance Workplace
SEWN works to open a dialogue between your firm’s management and workforce to create the most productive workplace possible. Companies achieve the highest productivity when they promote a positive work environment and ensure that all their workers have the necessary knowledge, skills, and motivation to do their jobs. When workplace relations deteriorate, so does productivity. We are sensitive to the concerns of management and workers, and have extensive experience in facilitating open dialogue between the two. This can be an important strategy in turning your business around and preventing layoffs.