Experience with Financial Turnarounds?

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August 06, 2025

by a searcher from University of California, Berkeley - Haas School of Business in San Diego, CA, USA

I’m looking into a potential acquisition that would require a financial turnaround. If you’ve operated, acquired, or financed a business in a similar situation, I’d love to connect and hear about your experience
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Reply by a searcher
from College of William and Mary in Sarasota, FL, USA
The playbook is important here for sure. I’d also add - From experience, executing a turnaround is much more mentally and emotionally straining. You have to have an iron stomach. I did not enjoy having to fire a bunch of folks, dealing with angry vendors etc etc. something to consider.
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Reply by a professional
from Middlebury College in New York, NY, USA
Jeff Sands at Dorset Partners is the expert on this: https://dorsetpartners.com/team-member/jeff-sands/ He wrote the book on it: https://www.amazon.com/Corporate-Turnaround-Artistry-Business-Days/dp/B0862G314B/ref=sr_1_1?crid=3QVRF00EA0OPV&dib=eyJ2IjoiMSJ9.DEv4EMq_xzHYpaeOOG1Hqw.dmt7QYkU7Qg9gIsUXavs2_5HKSG-acZrv8P1oCx9CYE&dib_tag=se&keywords=jeff+sands+turnaround&qid=###-###-#### &sprefix=jeff+sands%2Caps%2C135&sr=8-1
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