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Methodology, Services & Consulting Fees

  

 

"It is a regrettable fact of business life that the existing management of a faltering company is viewed as one of the primary causes of the problems and thus not capable of leading the turnaround process. I have found that the opposite is true. If the existing managers are given the tools to handle the job, they are very often the best people to achieve the desired results."

— Edmond P. Freiermuth

 

  

Ed Freiermuth’s Time-Tested Methodology

  • When a business retains the consulting services of Ed Freiermuth it gets the services of Ed Freiermuth. There are no junior partners or associates who will be handed the ball once an engagement begins. Clients get the personal attention they want and expect. This obviously limits the number of clients to a select few.

  • Although a short engagement letter is provided and there is the need for a modest retainer, there are no long-term commitments or contracts.

  • Ed Freiermuth serves at the pleasure of the client, and under his "no fault" policy, can be dismissed at any time for any reason, no questions asked.

  • The primary role of Ed Freiermuth is to quickly and effectively teach management how to get organized and to implement the strategies and tactics necessary to achieve a business turnaround and emerge from the financial difficulties a stronger company capable of renewed growth and sustainable profitability.

  
 

Services

  

  • Corroboration, modification or alteration of management's analysis of the financial, operating, marketing and organizational problems that must be solved.

  • Assessment of the adequacy of the company's current cash flow to support ongoing operations as well as meet maturing obligations to creditors.

  • Assistance in preparing and implementing a business strategy which takes advantage of the company's opportunities and provides solutions to its financial problems.

  • Advice, or direct participation, in presentations to, or negotiations with, the company's shareholders, directors, employees, and secured and unsecured creditors, when or if required.

  • Assistance, or direct involvement, in preparing proposals to extend the time period for the company to meet its obligations to its creditors, when or if needed.

Fees and Expenses

  • The fee for consulting services is based upon the hourly rate of $300. The size of the retainer needed to begin an engagement will depend upon the magnitude of financial challenges the business is experiencing as determined after a preliminary review of the financial statements. If, for any reason, a client elects to terminate services, a prompt refund will be made of any unused advance payments.

  • Travel and other authorized expenditures are expected to be reimbursed upon presentation of an invoice, fully documented with receipts.