In 2013, thousands of entrepreneurs will take critical steps in converting their troubled businesses into manageable new opportunities via corporate renewal. Understanding that times, technologies and customers change, savvy business owners with successful companies will also invest in corporate renewal in the coming year.
Simply put – corporate renewal gives businesses an action plan to evolve and change with the times while keeping doors open, debt minimized and – if needed – creditors at bay. In developing the plan, often an outside advisor will oversee the process and serve as a go-between among all parties, as well as act as an impartial outside voice.