2. OUR OFFER IN A NUTSHELL AND A BIT ABOUT
US
My name is Alex Wolf. I am the president of Alex Wolf & Associates
LLC, and its main turnaround and restructuring specialist. I am a high-energy manager, with broad business
experience and diplomas in engineering and MBA. Through the company Alex
Wolf & Associates, I am offering hands-on turnaround and restructuring services to
companies that are in decline, and / or in serious trouble, with a view
to make them viable on a sustained basis.
I believe that all people are not equal when it comes to turning a
money-losing business into a profitable one. After you read this
presentation, you will know how I work and ‘where I am coming from',
so to speak.
An Offer on Responsibility and Success Basis. Sometimes I
agree, for the right party located in the USA to turn around a company,
or a group of companies, on the basis of largely or entirely contingent
fees, i.e. based on results - on success. In certain cases, the contract
states that the entire professional fee earned by Alex Wolf & Associates
will be paid solely from improvements in the client's cash-flow. Such
arrangements require a certain initial analysis (at our cost), a
detailed written contract and the client must demonstrate good faith by
paying accommodation and travel expenses. In this manner I can offer to
take responsibility for results, as I assist the client until desired
results are attained. I can make this offer because I have confidence in
my level of expertise.
I am interested primarily in helping companies
that are in serious trouble – working directly for the owners or the
board of directors. I also work for lenders, but not if they are
indifferent to the closing of the borrower's company. I have a bias in
favour of preserving or restoring the going concern whenever it is
possible.
Many principles and techniques of corporate turnarounds and
restructuring described here are also useful to enterprises that are
underperforming without being distressed. However, the information on
this site applies most directly to companies that are in dire straits,
or are heading for them. Those situations are special, in that they
typically require fundamental repositioning and/or restructuring and/or
re-engineering (the 3Rs) of the
company, because small improvements in those situations are not enough
to create and sustain a fundamental upturn.
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