Get What You Pay For – You Might Regret It

Want the cheapest fix for your business? You’ll get exactly what you pay for. These days, anyone can call themselves a financial consultant. No licenses are required. No qualifications. No accountability. It’s a wide-open field, and that means a lot of people offering “help” are actually just guessing.  

Some were loan brokers last year. Some were bankers who spent their careers following marching orders — not leading strategic financial turnarounds. And now? They’ve rebranded themselves as business rescue experts. They’ve only done this in theory, not in practice.  

When your business is on the line, does it really make sense to hand over the reins to someone with no track record, no specialized training, and no proof of results — just because they were the cheapest option? 

This isn’t buying off-brand batteries. This is your company’s survival. 

We hear it all the time: 
“I got a guy who said he can fix this for half the price.” 
And then a few months later: 
“That guy disappeared. Creditors are back. The situation’s worse.” 

Restructuring isn’t just about knowing numbers. It’s about knowing what to do with them. It’s strategic. It’s high-stakes. And done right, it saves companies that would otherwise be buried under debt, legal judgments, or bad financing. 

So how can you tell if someone actually knows what they’re doing? 

Here are a few ways to vet any restructuring or turnaround consultants: 

• Ask for references. Real ones. From real businesses they’ve helped — ideally similar to yours. Ask if you can reach out to their success stories.  

• Ask for a track record. What kind of companies have they worked with? What were the results? 

• Get specific. What industries? What structures? What dollar amounts? Vague answers are a red flag. 

• Request proof of strategy, not just critique. Pointing out what’s wrong with your financials is easy. Building a plan to fix it? That’s what separates the professionals from the pretenders. 

• Look at how long they’ve been doing this — not just in finance, but in turnarounds specifically. 

Restructuring is not a plug-and-play solution, and it shouldn’t be treated like a discount service. You’re risking the business you’ve built, the employees who rely on you, and your future options. Financial restructuring should not come down to price alone. If price is your only criteria, you might save money upfront — but you’ll pay for it later. Often, dearly. 

We are not the cheapest option. We’re the option that works. And when it comes to fixing something this critical, that should be the only thing that matters.