When a mid-market company (say $20M–$500M in revenue) hits a wall — declining revenue, disappearing cash, operational stagnation, or a sudden crisis — the path back to stability can feel overwhelming. But seasoned interim CEOs and turnaround executives have seen these situations repeatedly, across industries and economic cycles.
Their collective experience points to seven essential strategies that consistently help companies regain footing, rebuild momentum, and return to profitable growth.
Below, three veteran turnaround leaders, interim CEOs Dick Lindenmuth, Paul Fioravanti, and Philip Schiavoni, share real-world insights from years of hands-on business turnaround work.
From Lindenmuth’s strategic empathy to Fioravanti’s cultural clarity and structured leadership, to Schiavoni’s cash-first survival approach, we compiled these seven turnaround tips. Together, they create a blueprint for middle-market companies that need to stabilize quickly and rebuild toward long-term health.









