Praise for Crafting Solutions for Troubled Businesses


“This is an insightful, easy to read download of the broad and deep experiences of two of the turnaround industry’s top professionals in the middle market.  It is a great introduction to turnaround skills for the uninitiated and a good reminder of key approaches, values, and expectations for even the most experienced in the field.  It should be a useful tool for managers, board members, investors, and lenders.”

~ Edwin E. Smith:  Bingham McCutchen LLP

“Crafting Solutions for Troubled Businesses provides an analytical step-by-step work plan on how to identify and evaluate operational and capital structure challenges at “troubled companies.”  The authors bring decades of hands-on experience involving dozens of corporate turnaround situations and have created a valuable playbook for corporate lenders, management, and owners.  Whether a company’s challenges are attributed to a changing market, cyclical downturn or ineffective management, this book provides the roadmap on how to assess the problems, evaluate alternatives, and implement the right solution.”

~ Arthur B. Newman:  Blackstone Group

“I read this penetrating analysis of the restructuring process with great interest.  It provides invaluable insights and observations that will benefit anyone involved in a restructuring.  The authors rely upon their decades of experience to provide a wealth of illuminating insights and practical suggestions.  Their book will immediately take its place as one of the leading works in its field.”

~ D. J. Baker:  Skadden, Arps, Slate, Meagher & Flom LLP

“This is a must read for anyone who sits on a corporate board of directors.  It provides practical insights from experienced professionals about how to view and confront management in the face of operational and competitive challenges.”

~ Sharon Manewitz:  TIAA-CREF

“Crafting Solutions for Troubled Businesses is an insightful and constructive how-to guide to evaluating and dealing with troubled companies.  The sensibilities to management and organizational issues and the fact-based approach to evaluating problems which the authors set forth describe clearly what I attempt to obtain when hiring or recommending turnaround consultants.”

~ Jeffrey P. Fitts:  GE Commercial Finance

“Stephen and Douglas Hopkins are masters of the art of moving troubled companies and the people involved with them through distress toward vibrant health.  In this book, they provide a valuable, practical road map for all parties affected by the uncertainty of distress, and in a steady, no nonsense voice walk through the steps in the recovery process that are often overlooked in the heat of the moment. Most importantly, they remind us all that, in a world in which advisors and spread sheets proliferate, the people are important, and moving them toward ever greater clarity and unity of effort wins the day.”

~ Deborah Hicks Midanek:  Solon Group, Inc.