Highlights from New York Institute of Credit Centennial Celebration in Honor of Harvey Gross

Cedar Croft Consulting is proud to be a member of the New York Institute of Credit (NYIC). Founded in 1918 as the New York Chapter of the National Institute of Credit (NIC), NYIC was granted an absolute charter as an educational corporation by the Board of Regents of the State of New York in 1957. As a non-profit organization, NYIC has always attempted to bridge the gap between business theory and…

Cedar Croft Consulting Attends Annual Credit & Bankruptcy Symposium

ABI, the Turnaround Management Association’s Connecticut Chapter, the Turnaround Management Association’s Northeast Chapter and the New York Institute of Credit held the 12th Annual Credit & Bankruptcy Symposium at the Mohegan Sun in Uncasville, Conn., April 26-27, 2018. The program featured a “Views from the Bench” session with four regional judges, as well as sessions on litigation funding and lending in the insolvency space. Cedar Croft Consulting had the opportunity…

Loan Losses and a Lender’s Stages of Grief

How Turnaround Pros Can Guide Lenders from Depression to Resolution By Patrick Walsh for ABF JOURNAL Now and then, despite due diligence and careful underwriting, a loan goes bad. Patrick Walsh describes the five stages of grief that a lender passes through when a loss seems imminent and suggests ways that a turnaround professional can help the lender work through these stages and achieve a positive outcome. Read the article…

Cedar Croft Consulting Business Turnaround Strategists

How should business owners respond when a lender says they need help?

Contributed by Patrick Walsh The one message no business owner ever wants to hear from a lender is:  “While we’d like to be supportive, we are concerned enough about your business to advise engagement of one of our selected turnaround consultants–who can further assist you in identifying and addressing some of your operation’s critical needs. ” Let me make this clear: THIS message doesn’t just happen out of the blue. It…

The Communication Protocol: An Important Component of a Business Turnaround

Whenever a turnaround management consultant is engaged, there are many stakeholders interested in hearing about their findings.   By Patrick Walsh Whenever a turnaround management consultant is engaged, there are many stakeholders interested in hearing about their findings.  Management as well as owners want to know what the consultant plans to do and why, and when positive results can be expected.  No doubt about it, they are concerned about managing the costs associated…

Winning Strategies for Retailers in a Profit-Challenged Omnichannel World

Retail and consumer products expert, Michael Appel, offers insights on industry trends, issues and opportunities.  @MAppel_Retail   Amid continued announcements of store closings and liquidations, there is some truth in the assertion that technology has changed everything, created disruption and eroded profitability. However, technology can also boost profitability by driving sales and improving margins, improve the use of working capital, and reduce indirect costs. These solutions have already been validated by…

Cedar Croft Consulting - retail turnaround experts

A New Vision for Retail: It’s All About Perspective and Strategy!

Retail and consumer products expert, Michael Appel, offers insights on industry trends, issues and opportunities.  @MAppel_Retail   If you looked only at the spate of recent store closing announcements, you could be forgiven for thinking the sky is falling. But from my work on front lines consulting with retail companies, I believe the real reason bricks and mortar retail is in upheaval is that the U.S. is vastly over-stored. Take a…