Restructuring and transforming
The speed of technological and business innovation has increased the frequency and importance of change. We help struggling entities to design and implement strategies allowing them to breakeven and return to profitability.
Our turnaround of a business can cover, but are not limited to the followings:
- Analyze the current situation
- Identify key challenges and opportunities
- Draft a revised strategy
- Prepare an action plan
- Assist in implementation
With the enforced closure of beauty salons and spas due to COVID-19, one of the beauty salons most affected by the lockdown measures had financial difficulty. Pre-covid, the company had fluctuating profitability from inception, which impacted working capital, ultimately resulting in cash deficits that were further deepened during lockdowns.
Yemnak stepped in at the right moment and thoroughly analyzed the company’s strategy, operational efficiency, and performance drivers. The team of professional consultants identified the main pain point and designed a turnaround strategy focusing on operational efficiency, human capital productivity, value creation activities, and liquidity management.
Our client plans to expand its geographical presence in the emirates, and we are proud to be part of his success story.