Lurie Besikof Lapidus&Company, LLP

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Lurie Besikof Lapidus Business Evolution, LLC, is a hands-on turnaround firm that works on site with stakeholders to return under-performing companies to profitability and growth.

Market Position

Lurie Besikof Lapidus Business Evolution, LLC is a turnaround specialty firm that works with closely held companies in a variety of industries.

4-Evolution©: A Four-Step Approach to Positive Change

Our hands-on leadership style is enhanced by clear and frequent communication with stakeholders through each step of the turnaround process. We objectively assess the issues, develop an action plan, and orchestrate swift implementation.

1. Assessment—a thorough management and financial review of the current condition of the business.

2. Action Plan—a customized plan to establish the management and financial requirements for the turnaround.

3. Implementation—decisive follow-through on the actions, responsibilities and timelines.

4. Long-term Strategy and Direction—assist in determining the leadership, procedures and oversight to keep the business healthy and moving forward.

Stabilization:
• Turnaround consulting
• Crisis management/business stabilization
• Interim executive management
• Organizational and operations assessment and improvement
• Cost structure and controls
• Complex negotiations and transactions
• Financial restructuring
• Replacement financing

Growth:
• Business strategy and planning
• Market potential evaluation
• Product/service mix analysis and configuration
• Capital acquisition
• Mergers and acquisitions
• Key performance indicator programs
• Management retreats, seminars and workshops

Continuity:
• Executive search
• Leadership coaching and mentoring
• Follow-up services

Industries:
• Professional services
• Advertising and public relations
• Restaurants
• Technology
• Law
• Manufacturing and distribution
• Construction
• Retail
• Wholesale
• Franchise businesses

How We Work

We gain a grasp of where the business is today. Accurate information is the starting point for change. Our Assessment Step involves pulling together information that is scattered throughout the company and beyond. Experience in managing businesses in multiple industries, combined with research and accurate financial statements, prepare us to develop ideas for the turnaround.

The "what if" stage examines possible outcomes. We create multiple scenarios and explore their projected outcomes. Some of the questions we ask are:

Who are the people that will help us execute the plan?
How will we negotiate with creditors?
Can we restructure the financing?
Can certain functions be outsourced?
Can we approach collections of accounts receivable and payment of trade payables in new ways?
Are we managing our inventory optimally?
Which products and services are key to our prosperity?

From this expansive thinking, the Action Plan Step comes together. We make change possible. In the Implementation Step, we take action to create an environment that clearly states the behaviors and actions that will revitalize the business. This goes beyond simply presenting a report. We work on site, with key personnel, to create a climate of open communication and clearly defined roles. Responsibilities and time lines are developed, enabling continual progress. During the Long-term Strategy and Direction Step, we work with the leadership to develop a framework for a sustainable future.

Our Philosophy

• Be objective. Deal with the facts, then think expansively about opportunities for revitalizing the business.

• Share the plan. Experienced leadership and open communication to all parties are key to continual progress.

• Work together. Combine a clear vision for change with selecting the right individuals to buy into and execute the plan--we all own the plan.

• Take meaningful action. Produce swift and positive results.

• We are here for you. Today and tomorrow, when you want us, we will be there.