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James Sinclair Articles

Guest post by: James Sinclair

Why Bankruptcy and Financing Does Not Work As The Solution To A Problem - Click To Read Article
When you don’t fix the core problem, neither bankruptcy nor the provision of fresh money can help, they both just delay the inevitable failure. One of OnSite’s areas of expertise is keeping clients experiencing severe difficulties out of bankruptcy through restructuring and programs to improve (or initiate, in some cases) profitability. We are often asked why we do not agree with bankruptcy and why when a bankruptcy is inevitable; we believe we need time prior to filing to prevent conversion to liquidation?

Restaurant Turnarounds Are Brutal But Necessary - Click To Read Article
Turnaround aka A Controlled Train Wreck As restaurant consultants we see similar scenarios on a daily basis. You borrowed money from the bank, you took delivery of vendor products, you used employee’s time and services, you set up shop in your landlord’s building, you are using the utility company’s products and received money on behalf of the state. You are now legally obligated to pay for it all.





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