Turnarounds Service

Planning for the Course Corrections
Turnarounds for Projects and Companies

“Time and space appears differently depending on the position of the observer.” -Albert Einstein

Like most people, businesses can need help both in good times and bad. Throughout the traditional life cycle of the business, there can be times of simultaneous crisis and great opportunity. Trust your data and solicit advice from an experienced and unvested third party in these critical times.

Turn Arounds can be easier than you think

Being the Project Lead of a large company or the boss of a start-up can be incredibly stressful. In a data-saturated environment, it can be difficult to focus on the special core that will lead to your success. It is also difficult to look ahead to what is inevitably coming in your industry when you are using all your resources to keep up with client or management expectations. Having an outside expert cut through the noise can be the difference between success or stagnation.

Success can be as big a problem as failure

The term The Ceiling of Complexity™ was coined by Dan Sullivan. The idea behind Ceiling of Complexity is that every project you complete creates additional responsibilities and expectations. These obligations maybe not even noticeable but they impact your overall performance. These duties form a ceiling and limits further growth until you do something to reset or turn around your focus toward new growth.

Many “turnaround firms” are more appropriately called liquidation specialists. Praxis goes another way. At Praxis Innovations, we look at the whole company, not just the financials. Value can be found and harnessed throughout most organizations to fuel growth. We give stakeholders several growth-based, executable options based on different goals. Most groups write a plan and never look at it again. Praxis looks at your proven core strength to give an honest evaluation and then focuses on R&D, diversification, or restructure that best benefits all stakeholders.

Innovation is not just a buzz word. Every stakeholder from the board room to the entry-level position sees a company or project from a different perspective and can contribute to a turnaround plan. Most important is having all stakeholders truly vested in a successful outcome. Getting unfiltered data along with more traditional metrics usually allows us to pivot the company into a growth model. Praxis can design out this plan and in some circumstances execute the changes necessary to provide a lasting improvement to the overall health and longevity of the company.