The Coronavirus pandemic continues to impact the economy which means most businesses are facing challenging strategic financial management decisions. To learn more about the critical steps financial leaders can take to stabilize their businesses in the short term and prepare for the long term, I recommend reading this article by McKinsey. To read it, click… Read more »
Developing a dynamic and adaptable cash flow model is not a luxury, it is a necessity! In these uncertain times, the ability to analyze, plan and communicate your cash flow model is critical to your survival. Businesses need a clear picture of where they are headed and what improvements/ adjustments need to be made. Cash… Read more »
If the COVID-19 pandemic has caused uncertainty for your business, you can prevent your ship from sinking by improving liquidity. It is important during this time that your business stay as liquid as possible. To learn how to do that despite the rough waters, I encourage you to read this article on Forbes.com. If you’d… Read more »
Considering the current economic situation, many business owners have found themselves in a cash-flow crisis, and others may begin to experience it as the effects of massive unemployment flows through the economy. In this moment of critical need, managing cash flow creatively can be the difference between failure and survival. To address this need, I… Read more »
Here is a great summary of offensive and defensive strategies to help you manage the current financial crisis. Kudos to my friend Tom Meyer and his fellow Scaling Up Coaches Zahir Ladhani and Sid Panjwani for sharing these graphics. This is great advice for getting us through these tough times. If you’d like more advice… Read more »