Over a three month period, the Australian Business Clinic reviewed the business in depth, and recommended:
- The reduction of staff
- The sale of several vehicles which were underutilised
- The purchase of one new vehicle to replace older inefficient vehicles
As part of the implementation of this plan, we:
- helped arrange finance for the purchase of the new vehicle
- made arrangements with creditors for a payment plan which was accepted.
When the business was finally under control, we recommended that the holiday transport part of the business be sold and that the college student business be retained by the owner as a means for he and his wife to continue with a modest but regular income.