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Business restructuring is an all encompassing and at times a misused phrase. Step 3: is to develop a business restructure plan that delivers the desired result inclusive of ensuring that the key business drives are not detrimentally affected by this process. Or it can be tax driven compliance such as r&d or future cgt consequences. This can be a commercial matter such as impending litigation, cashflow crisis, merger or acquisition, or an asset protection matter. These key drivers can be market driven, product, taxation, intellectual, legal, and or staff to name a few. Step 2: understand the reasoning behind a restructure. Step 1: the process is to understand the business, its weaknesses and its strengths. In any restructure there is a process. Irrespective of the preceding comments a business restructure plan must be practical as well as effective, and it must be as least disruptive to the business of doing business. A business restructure can be as wide or as narrow as the drivers creating the necessities for a review. Every business restructure can be broken into segments which collectively form the back bone of a business restructure plan. Step 4: the final step, is the implementation of the business restructure plan.
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