Steps in the Turnaround Process
-
OUR ASSESSMENT
Each Situation is different. However,we've seen these chronological developments when you choose Proprietary Finance Ventures�
-
FIRST
Initial Consultation / Debriefing�
-
SECOND
Signing of a Professional Services Agreement between PFV and Client, engagement terms and goals defined� PFV may issue a highly confidential Statement of Opinion based on its findings. including the cost metrics of proposing a solution
-
-
THIRD
In-depth review of the Client's materials/financial condition. Such materials may include income statements, balance sheets, quarterly and annual financial statements and filings�
-
FOURTH
Formulation of case scenarios and strategies. Assignment of overall and specific duties. Submission of plan(s) to Client's Board for approval. Beginning to move quickly to improve Client's condition. PFV and Client work closely together to achieve objectives. PFV's tools of actions© are released �
-
FIFTH
After solving the problems according to the Agreement, PFV implements an exit strategy, transfers work responsibilities to on-going Client personnel, and is discharged of its' duties.�
Our Goal: Helping the Client Stay Solvent and Secure, Restoring A Path to Growth and Profitability
Stave off adverse publicity, asset depletion and cash hemorrhage.
Protecting the good name of the client
Maximizing asset revenue if a sale is inevitable, with efficiency, logic and direction.
Quickly structuring and implementing a program that is sound in all ways, including operationally, legally and financially. no portion of this should be interpreted as giving legal advice. client should retain legal counsel of their own whenever faced with legal issues.
�FEE AND EXPENSE POLICY.�
- NO charge for the Initial consultation
- There is no Retainer Fee in some cases, and no work is done on credit. Client makes a reimbursable advance against which periodic charges are made for expenses. Client reimburses reasonable direct expenses made on its' behalf, (salary, overhead, fringe benefits and risks) but not indirect expenses and overhead. Time is billed on a fair and reasonable basis based upon appropriate values for professional services rendered. Time charges are on an hourly, daily, or weekly basis.
- When appropriate, part of compensation is based upon the successful completion of the designated work. Incentive fees, stock options, and other arrangements are structured in relation to profitability, sales growth, and other measures.