I assisted the company I was working for as Finance and Administration Manager to move out of debt and to have a stable cashflow by preparing budgets and doing budgetary control including expenditure control after assessing immediate company operations, financial and otherwise and identifying,loop holes, cash drainers,profit drainers, strengths and weaknesses, and also looking at challenges and opportunities in the industry. Negotiated with major Creditors on an amicable and workable payment plan, reviewing the internal controls and closing weaknesses or loop holes(through which we could loss money or eat into our profits) by strengthening controls. Develop plans short term and long term to address the challenges and weaknesses discovered after assessment and take advantage of the opportunities in the industry. We moved out of debt, and cash inadequacy and instability and gained a large market share almost moving up by leaps and bounds.
In brief this happened by assessing our then current financial status, instituting short term budgeting and budgetary control measures including continual expenditure control to arrest the problems discovered in assessment that can be addressed short term and also assist agree with creditors on payment plans and then work out long term plans to ensure financial stability,liquidity and growth.