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Turnaround Reality Check: Are You Solvent or Just Busy?

Steve Tucker
July 17, 2025
1 min read
Turnaround Reality Check: Are You Solvent or Just Busy?

Busy is not healthy.

A lot of struggling companies are running full speed while quietly drifting toward a cash cliff.

Here are the questions that tell the truth:

  • Can you make payroll without sweating every Friday?
  • Are receivables aging out past your terms regularly?
  • Is margin real, or does it “show up” only when you ignore rework?
  • Are you using deposits and new jobs to fund old jobs?
  • If sales stopped for 30 days, would you survive?

Turnaround starts with honesty. Not optimism. Not hustle.

You don’t fix a turnaround by “selling harder.” You fix it by stabilizing cash, tightening execution, and stopping the leaks.

What to do this week

  • Build a 13-week cash forecast (simple is fine).
  • Identify your top three margin leaks and quantify them.
  • Freeze or slow any expense that doesn’t protect cash or production.

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