Traditional turnaround strategies focus on the need for a swift reduction in internal overheads which can include removal of the existing management team.
Although there have been certain overheads for SML, the decision to launch the SSA has been vindicated by events.
This is because they do not have the high overheads of larger operations.
Unfortunately, Steve and Barry's has not been immune to the economic catastrophe and, despite its low overheads and low prices, had to file for bankruptcy in 2008.
It is necessary to budget not only for the candle making supplies required in the starting of the business, but also to budget for other costs such as stationery, insurance, overheads, marketing and other essential costs.