Struggling Clients, Missed Fees? Turnaround Strategy Is Your New Revenue Stream

Many SMEs in South Africa are operating on the edge, facing persistent cash flow challenges, mounting debts, and uncertain futures. For Business Accountants in Practice, this presents a critical opportunity to shift from reactive compliance work to proactive turnaround advisory. By identifying early warning signs, stabilising cash flow, diagnosing root problems, and implementing practical recovery plans, accountants can not only help save their clients' businesses but also establish a valuable new revenue stream within their own practices. This article outlines a clear, structured approach to delivering turnaround services that are both effective and billable.