30 Years of Restructuring and M&A, with Christophe Callet (RSM)

How Entrepreneurs Can Navigate Restructuring and Turn Business Crises Into Opportunities

Entrepreneurs can turn crises into opportunities by acting early, seeking support, understanding restructuring options, communicating transparently, and using turnaround situations to stabilize, acquire, or reinvent businesses under pressure.

Understanding What Restructuring Really Means

Restructuring is not a single scenario but a set of legal and strategic tools. Terms like ad hoc mandate, conciliation, safeguard proceedings, liquidation, or restructuring each correspond to different levels of difficulty and response options.

Recognizing the Red Zone Early

One of the biggest mistakes entrepreneurs make is waiting too long. Entering the red zone requires fast diagnosis, clear-headed decision-making, and immediate action to preserve options and value.

Why Turnarounds Resemble Startups

Turnarounds move fast, demand adaptability, and require emotional resilience—much like startups. Limited resources, high pressure, and constant uncertainty force leaders to prioritize, decide, and execute quickly.

Using Crisis as an Entry Point to Entrepreneurship

Business distress can also create opportunities. Court-led processes allow entrepreneurs and startups to acquire companies in difficulty, offering a different path into entrepreneurship with existing assets, teams, or markets.

Three Golden Rules for Navigating a Crisis

Successful restructuring consistently follows three principles:

  • Talk about it: break isolation and seek external perspectives
  • Act early: time is the most critical variable
  • Be well supported: legal, financial, and human support make the difference

More episodes

Episode 89 : Hugo Rauch (New Wave)

Episode 89

Media as a Catalyst for Climate Innovation with Hugo Rauch (New Wave)

Episode 88 : Nicolas Mazurier (YouTuber)

Episode 88

Embracing a Build-first Mindset with Nicolas Mazurier (Aywen, YouTuber)

Episode 87 : Yohan & Sacha (K-words)

Episode 87

Reinventing Search Media, with Yohan & Sacha (K-words)

Episode 86 : Julie & Édouard (Wilgo)

Episode 86

Reinventing academic success in the age of AI, with Julie & Édouard (Wilgo)

Episode 85 : Romain Serres (Tilt Energy)

Episode 85

Energy flexibility serving the transition, with Romain Serres (Tilt Energy)

Episode 84 : Alexis Thual (Karavela)

Episode 84

Understanding the brain to treat it better, with Alexis Thual (Karavela)

Episode 83 : Tamar Gomez (Ankar)

Episode 83

Rebuilding the Patent Journey, with Tamar Gomez (Ankar)

Episode 81 : Stanislas Marchand

Episode 81

Well-being in the Digital Age with Stanislas Marchand (Rocapine)

Episode 80 : Laura Beaulier

Episode 80

Measuring Climate Success the Way We Measure Economic Success with Laura Beaulier (Climate Dividends)