What's TMG been up to?

Putting the pieces together.

As many of you all already know, The Montilla Group is aiming to be a "Turnaround Specialty" firm - which is focused at corporate renewal and turnaround management.

For the last few months, I have been focusing on obtaining my accounting degree from the University of Central Florida - that, coupled with my previous degree in marketing (from the same school) and my plans of obtaining a law degree in the near future, consulting provided by the organization will help provide distinctive value on a few levels to our clients.

In addition to the hard skills that TMG provides (and will provide) to our clients, the overall network created by soft skills (people skills) throughout years of experience, indicates that the value will not only lie within the unique perspective provided by the 1st degree to our clients, but will reach well beyond the 2nd and 3rd degree as well.

2010 brought many challenges and much adversity, but it has helped better shape the mission and overall goal of the organization.

As we head out of a recession, businesses all over the world will be weary in their internal and external processes. Few will want to take their business to the next level, many will want to keep idle and weather the storm, but all will want to ensure that they are in the right position to rebound from the financial meltdown. Below is an excerpt from turnaround.org - a nonprofit organization aimed at turnaround specialist.

"Periods of economic and financial distress pose special challenges to the capabilities and decision-making processes of most professional management teams. Not only do such occurrences increase demands on existing managerial abilities, but they also create a whole new spectrum of legal, accounting, and financial considerations that impact the renewal process. Today’s increased competition, cyclical and volatile financial markets, and economic trends have created a climate in which no business can take stability for granted.

As once-stable, profitable, and competitive companies struggle to improve operational and financial performance, the expertise of corporate renewal professionals is critical to this revitalization process. The chances of successfully navigating the corporate renewal process increases through the use of qualified turnaround professionals, who have the experience and expertise to apply sound practices of turnaround management to failing businesses. While many companies have turned to downsizing as a stopgap measure to improve their economic health, downsizing alone has its own adverse consequences in that it thins the ranks of managers groomed to assume top positions. Moreover, a volatile business environment may turn once-successful, growth-oriented CEOs into hesitant managers who no longer can provide strong leadership during periods of retrenchment.

New lender liability laws also have increased the need for turnaround management. At one time, banks could take control of client companies that were in serious financial peril. Today, courts view this action as equity participation, forcing banks to avoid direct involvement with corporate management. A turnaround specialist, operating as either an interim manager or consultant, may replace a company’s CEO and temporarily take over the decision-making processes of a company to lead it toward stability. Alternatively, a turnaround professional may become an active advisor to a troubled company’s board of directors."

Yes, we are just beginning. But impossible means nothing - it only means it hasn't been done yet. We believe in ourselves, our clients, and our work - previous experiences warrant our ability to move in this direction and we're confident we will continue to gain our supporters vote of confidence.