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When a business is losing money and struggling with cash flow, drastic action is needed. Larry Goddard shares his firm’s approach to business turnarounds, helping companies regain stability and profitability. One of the first steps is assessing cash flow projections, identifying when and how a business will run out of money.

Rather than focusing solely on revenue growth, Larry emphasizes the importance of reducing breakeven points—lowering operating costs so a company can become profitable at its current revenue level. Many struggling businesses believe they can grow their way out of trouble, but aggressive sales expansion often leads to bad deals, increased risk, and further financial strain. Instead, Larry outlines a more strategic approach, focusing on cost reduction, operational efficiency, and smart growth planning.

This video also covers negotiating with creditors, managing banking relationships, and building a long-term strategy to prevent future financial distress. If your company is facing financial challenges or you want to learn how to avoid common turnaround mistakes, this video offers essential strategies for restoring stability and driving success.