South Jordan, UT
“Our company had several profitable years and then hit some unexpected bumps in the road that put us into a tailspin.
“Werner Nennecker with Cayenne Consulting took a very hands-on and direct approach. We had to stabilize the company, identify the issues, question all our assumptions, and develop a turnaround plan from a firm understanding of where we were now. He made it clear that the lack of cash is never the cause of the problem; it’s merely a symptom.
“Initially, we lacked a clear and detailed understanding of our current situation. To start, we had to improve our financial information. Our business outgrew our chart of accounts. Werner found us a well-qualified local bookkeeper to help get that done.
“From there, we developed a cash flow model that allowed us to understand where the money was going to allow us to control our cash tightly.
“We tested each of our long-held assumptions; most stood the test; many did not. This was new territory for the partners, but Werner made himself available, including nights and weekends, as needed. Additionally, Werner assisted the partners in removing the emotional aspects of a business in crisis by helping make the hard decisions and calls, jumping into negotiations with creditors and keeping us focused on our goals. In this, I feel he went above and beyond what he had contracted him to do.
“We now have a clear understanding of our business and where we need to go from here.”
– Founder, Hayward Dupont LLC