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Is the Rise in Confidence in the Economy Misplaced?
A recent Grant Thornton CFO survey conducted in the fourth quarter of 2023 showed dramatic increases in finance leaders’ expectations of their ability to meet business goals related to their supply chain needs, labor needs, increased customer demand, cost...
Lessons Learned from Family-Owned Businesses
We have worked with a number of family-owned businesses over the past twenty years and have learned that they have many unique qualities. A recent study completed by McKinsey and Company supports that finding and, in fact, has found that family-owned businesses...
Lawsuits are on the Rise for Small Businesses
A new study by the US Chamber of Commerce published in December 2023 found that small businesses are getting hit with a disproportionate share of lawsuits and they end up paying out billions in damages. The study, based on statistics researched from 2021, found...
New Years Resolution: Don’t Be a Day Late and Many Dollars Short
As the calendar turns over to the new year 2024, most CEOs and boards of directors are thinking about a number of ways to improve their business. The topics typically range from growing revenue, improving productivity, improving employee morale, or increasing...
Why Banks Still Say No
In the intricate landscape of financial markets, the decline in loans to small and mid-sized businesses has become a pressing concern. Traditionally, banks have played a pivotal role in fueling the growth of these enterprises, serving as a lifeline for...
The Difference Between Receivership and Bankruptcy
Recently, Revitalization Partners was approached by a potential client who wanted assistance in closing down their business. They, being more of an artist than a businessperson, had turned over the management of the business to individuals recommended by...
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