During this unprecedented time, existing financial plans and assumptions must be revisited and revised to maintain flexibility as conditions change. If you’re looking for a great guide to learn how to do that, I highly recommend reading an article I recently read by McKinsey & Company. Regardless of your company’s liquidity or risk tolerance, I… Read more »
Although many things have changed in the financial world, one thing that has remained the same is the need for financial controls. However, prior to implementing new financial controls, a thorough analysis of existing policies and the company’s future outlook is encouraged. For more information about how financial controls are defined and their importance, I… Read more »
Are you selling your business or thinking about selling it in the future? If so, there are many mistakes that can derail the process and lower your company’s value. However, if you know where to focus your attention to represent your business favorably to prospective buyers, you can achieve a much better outcome. One of the… Read more »
It is natural for companies to focus on cost-cutting strategies during times of economic downturns. However, this limited focus can run a company quickly off-track if other strategies are ignored. To learn about a wide variety of strategies that should be considered, I encourage you to take a look at this article on deloitte.wsj.com. While… 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 »