Cost cutting and restructuring

There are many reasons why you could be thinking about cost cutting and restructuring in your business.  

Maybe the challenges of the past few years are catching up with you and you are quickly running out of money. You could be facing higher lending costs and want to come up with a strategy now before the situation becomes grim. Or your business may be doing well but you want to proactively generate more value to reach your long-term goals. 

Cost cutting and business restructuring has many potential benefits. Done properly and with a strategic roadmap it could help get a business that is struggling back on track, proactively stay ahead of the curve when challenges lie ahead or help build more value in a company that is performing well. 

This series of articles discusses factors to keep in mind — and resources that may help — before and during the cost-cutting process, covering different situations depending on where your business is.