Hire your Business Turnaround consultant in 48 hours

Our community connects the world’s top
Business Turnaround specialists to projects that need execution, now. Reliable. Targeted. Fast.
Selected clients and partners
Milano, Metropolitan City of Milan, Italy Strategy, M&A
Senior
21 years experience
  • Business Turnaround
  • Financial Modeling
  • Business Strategy
  • M&A
  • +21
Hire Carmine
Amsterdam, Netherlands Strategy, M&A
Manager
5 years experience
  • Business Turnaround
  • Financial Modeling
  • Business Strategy
  • Business Development
  • +2
Hire Michiel
St Paul, Minnesota, United States Strategy, M&A
Senior
20 years experience
  • Business Turnaround
  • Business Strategy
  • Corporate Finance
  • Business Development
  • +3
Hire Ronald
London, UK Strategy, M&A
Manager
9 years experience
  • Business Turnaround
  • Financial Modeling
  • Business Strategy
  • M&A
  • +5
Hire Juri
Hamburg, Germany Strategy, M&A
Senior
17 years experience
  • Business Turnaround
  • Financial Modeling
  • Business Strategy
  • M&A
  • +13
Hire Andres
M&A
Associate
4 years experience
  • Business Turnaround
  • Financial Modeling
  • Business Strategy
  • M&A
  • +10
Hire Keira
Sofia, Sofia City, Bulgaria Strategy, M&A
Senior
4 years experience
  • Business Turnaround
  • Financial Modeling
  • Business Strategy
  • M&A
  • +6
Hire Angelina
Dallas, TX, USA Strategy, M&A
Senior
17 years experience
  • Business Turnaround
  • Financial Modeling
  • Business Strategy
  • M&A
  • +6
Hire Brian

What do Business Turnaround consultants do?

Our business turnaround consultants help clients introduce new business initiatives that are guaranteed to improve business performance.

The world's largest network of Business Turnaround consultants

Fintalent is the invite-only community for top-tier independent M&A consultants and Strategy professionals. Our Fintalents serve clients in North America, LATAM, Europe, MENA, and APAC.

Hire global freelance M&A consultants and Strategy experts with extensive experience in over 2,900 industries. Our platform allows you to build your team of independent M&A advisors and Strategy specialists in 48 hours. Welcome to the future of Mergers & Acquisitions!

Talent with experience at
World Map

Why should you hire Business Turnaround experts with Fintalent?

Trusted Network

Every Fintalent has been vetted manually.

Ready in 48h​​​

Hire efficiently. Your M&A team is ready in 2 days or less.​​​​

Specialized Skills​

Fintalents are best-in-class - and specialized in 2,900+ industries.​

Code of Ethics​​

We guarantee highest integrity and ethical principles.​​​

Frequently asked questions

What clients usually engage your Business Turnaround Consultants?

We work with clients from all over the world. Our clients range from enterprise and corporate clients to companies that are backed by Private Equity or Venture Capital funds. Furthermore, we work directly with Family Offices, Private Equity firms, and Asset Managers. Most of our enterprise clients have dedicated Corporate Development, M&A, and Strategy divisions which are utilizing our pool of Business Turnaround talent to add on-demand and flexible resources, expertise, or staff to their in-house team.

How is Fintalent different?

Fintalent is not a staffing agency. We are a community of best-in-class Business Turnaround professionals, highly specialized within their domains. We have streamlined the process of engaging the best Business Turnaround talent and are able to provide clients with Business Turnaround professionals within 48 hours of first engaging them. We believe that our platform provides more value for Corporates, Ventures, Private Equity and Venture Capital firms, and Family Offices.

Our Hiring Process – What do ‘Community-Approach’ and ‘Invite-to-Apply’ mean?

‘Invite-to-Apply’ is the process by which we shortlist candidates for the majority of projects on our platform. Often, due to the confidential nature of our clients’ projects, we do not release projects to our whole platform but using the matching technology and expertise of our internal team we select candidates who are the best fit for our clients’ needs. This approach also ensures engagement with our community of professionals on the Fintalent platform, and is a benefit both to our clients and independent professionals, as our freelancers have direct access to the roles best suited to their skills and are more likely to take an interest in a project if they have been sought out directly. In addition, if a member of our community is unavailable for a project but knows someone whose skill set perfectly fits the brief, they are able to invite them to apply for the role, utilizing the personal networks of each talent on our platform.

Which skills and expertise do your Fintalents have?

The Fintalents are hand-picked and vetted Business Turnaround professionals, speak over 55 languages, and have professional experience in all geographical markets. Our Business Turnaround consultants’ experience ranges from 3+ years as analysts at top investment banks and Strategy consultancies, to later career C-level executives. The average working experience is 6.9 years and 80% of all Fintalents range from 3-12 years into their careers.

Our Business Turnaround consultants have experience in leading firms as well as interfacing with clients and wider corporate structures and management. What makes our Business Turnaround talent pool stand out is the fact that they have technical backgrounds in over 2,900 industries.

How does the screening and onboarding of your Business Turnaround talent work?

Fintalent.io is an invite-only platform and we believe in the power of referrals and a closed-loop community. Members of our community are able to invite a small number of professionals onto the platform. In addition, our team actively scouts for the best talent who have experience in investment banking or have worked at a global top management consultancy. All of our community-referred talent and scouted talent are subject to a rigorous screening process. As such, over the last 18 months totaling more than 750 hours of onboarding calls, of which only 40% have received an invite-link after the call.

What happens if I am not satisfied with my Business Turnaround consultant’s work?

During your initial engagement with a member of our Fintalent talent pool with no risk. If you are not satisfied with the quality of your hire for any reason then we are able to find a replacement at short notice. There is no minimum commitment per project, but generally projects last at least 5 days and can last 12+ months.

Everything you need to know about Business Turnaround

What is a Business Turnaround?

A business turnaround is a period of time that typically ranges from three to twelve months during which a company attempts to improve its financial performance by implementing new initiatives on all levels. The goal is often defined as returning the company’s core operations to profitability and/or earning at least 50% of the previous year’s revenue. Sometimes, it is also thought that turning around a struggling business may result in an increase in market share or market value.

Business turnaround is describes by Fintalent’s business turnaround consultants as a form of return on investment (ROI). Specifically, it is the use of specific activities and processes to improve financial performance in an existing business, or create a new one from scratch. To measure results, many managers use return on assets (ROA), return on equity (ROE), cash flow per share (CPS), and more. The focus is to use the cash resources of an investment to generate an adequate return on investment.

A business turnaround must be viewed as a long-term process, but short-term results are also important in measuring how successfully the process is working.
A business turnaround should be planned and executed in phases. This allows management to see what will work and what will not work, to adjust strategies in each phase, and move ahead more effectively.

The organization should be encouraged to have solutions that are more than one and more than two, but not so many that they become unmanageable.
Business turnaround has been described as a process of “turning things around,” “getting out of the rut,” “starting over” or “taking control.” Regardless of the description, it usually involves three to twelve months of management intervention, which may vary from strategy to strategy.
The best way to end a period of decline is one in which the company has improved its financial performance by an amount equal to or greater than its share price depreciation. If the company has been losing money, it must be generating positive cash flow by the end of the turnaround.

Any business that operates for a sufficiently long time will experience periods of hard times. An “accident” occurs when a given change in circumstances is unavoidable. In some cases, survival comes down to finding new customers and filling unmet needs; in other cases it is necessary to reduce costs in order to survive. If a company continues losing money or revenue during a period of decline, then managers should consider whether they need to cut costs (reduce expenses) or grow revenues (increase sales). Both strategies need to be pursued at the same time; one without the other may mean continuing losses with no chance of change. With the right strategies, a company can survive and even thrive in difficult times.

Why Embark on Turnarounds?

A turnaround does not occur just because management feels it needs to happen; it must be planned with thorough consideration for all the elements involved. A turnaround plan should include a three- to twelve-month “turnaround time frame”. To cover the time frame, the plan can include initiatives that will be possible before and after the time frame. Making sure that there are enough staff and sales personnel to cover all areas is important. As well as being realistic about expense reductions; management must be able to provide for training, development programmes and equipment replacement where necessary – providing that this does not disrupt operations. The plan should clearly outline each financial goal, and how it will be achieved. This can include a cash flow statement which must match the profit and loss statement. The plan will also cover the human resources element; all people within the organisation, from directors to each employee, must be committed to the plan or it will not work.
The plan should cover:

Financial goals—setting financial goals for a turnaround is about more than just cutting costs. Managers should set specific financial performance objectives and time frames for achievement; their organisation’s performance is measured against these objectives. Often, financial performance metrics are used to measure progress toward reaching goals. Financial metrics that can be used to measure progress toward goals include gross profit margin, operating income as a percentage of sales, and return on assets (ROA). Return on equity (ROE) is another financial performance metric.

Incentives—for a turnaround to be successful, it must have financial incentives for management and employees. Emphasising incentive programs for top managers creates pressure to perform. Cutting costs or raising revenues is incentivised with bonuses or profit sharing. Costs are reduced by laying off staff, which creates an incentive for remaining staff members to work more efficiently with fewer resources. This pressure to perform is also created by using quality circles and team building.

Staff training—for a turnaround to succeed, management must be able to involve staff and suppliers in different ways. This can be done through quality circles, where a group of staff members meet regularly to brainstorm ideas. Every idea must be documented and evaluated, with the successful ones being implemented. Team building is another way of involving people in a turnaround; encouraging group activities such as rock climbing or paintballing helps build teamwork for improving efficiencies inside the workplace.

Operating strategy—turnaround strategies must include ways of increasing revenues and reducing costs. Increasing revenues may involve price changes, a new marketing approach, or a new product line. Reducing costs could mean outsourcing; they should never be done in-house if it is possible to pay outside contractors. In outsourcing, the company can focus on core competencies without having to lower overall costs; this is only possible if the company has a core competency.

A business turnaround can be an effective method for recovering from the effects of recession; by adjusting strategies for reducing expenses or increasing revenues. A range of different strategies can be used, but if all are not included in the plan then some will not be effective. After the plan is implemented, it is important that company performance evaluation continues on a regular basis; this will ensure that a business turnaround strategy brings about the expected results.

Looking for a different skillset?

Hire related Fintalents

Case studies

Want to become a Fintalent?

Hire the best Business Turnaround specialists in 2,900+ industries

Fintalent is the invite-only community for top-tier M&A consultants and Strategy talent. Hire global Business Turnaround consultants with extensive experience in over 2,900 industries. Our platform allows you to build your team of independent Business Turnaround specialists in 48 hours. Welcome to the future of Mergers & Acquisitions!