Cornestone Concepts is a niche consultancy business with offices Johannesburg and in Cape Town.
Through our network of
associates we are well positioned to harness the best advice and services in a
range of specialisations that include:
◙ Business Rescue, Turnaround and Optimisation ◙ Business Staging – Preparing your business for
sale ◙ Business Valuations ◙ Interim Management ◙ Corporate Finance ◙ Strategy ◙ Business Process Re-Engineering ◙ Product Commercialisation including elements of Intellectual
Capital ◙ Due Diligence Investigations
Business Rescue and
Turnaround:
Business
decline is a natural phase in the life cycle of any business. The real test for any business owner is
to anticipate and plan for this phase as you would do for any other.
Literature, funding and support for new, growing or
emerging companies is available in abundance however little support is
currently provided for small and medium sized businesses experiencing decline.
Although there are existing mechanisims for legally protecting embattled companies they are seldomly used and the
amendments to the Companies Act tabled for introduction aims to provide US
Chapter 11 type protection to assist distressed companies.
Recent developments in the Department of Labour have taken a bold approach to funding the rescue of
embattled medium sized firms with a view that it’s more cost effective to save
existing jobs than generate new ones.
The home staging industry in South Africa
has found significant favour following a recent popular television reality
series. It is generally accepted that the practice of home staging can
transform a home to attract a larger pool of buyers, increase the value exponentially and shorten the
length of time it takes to sell a home.
Business
staging, by contrast, is an unknown process that can produce
similarly impressive results.
Unlike home
staging the process of preparing a business for sale should commence well in
advance of the planned sale, ideally two to three years. The process is more
intricate that generating aesthetic appeal as it takes the format of a sell
side due diligence anticipating and addressing the concerns of prospective
purchasers.