Category: Other

Sail Through Economic Uncertainty with Improved Liquidity

Sail Through Economic Uncertainty with Improved Liquidity

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 »

Short-Term Cash Flow Strategies to Survive an Immediate Crisis

cash flow strategies

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 »

How to Sustain Your Business In Tough Times

offensive strategies for COVID-19

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 »

Prepare for an Exit by Growing Your Business

business people at a table agreeing on an exit strategy

Business owners often say they’ll “exit when the time is right.” In reality, unexpected circumstances often drive the timing and terms — and not to the business owner’s advantage. You can avoid this situation by starting to prepare now for your eventual sale. If you actively build your business around value and not just revenue… Read more »

Avoid the Pitfalls of Price Cuts

price word cut by scissors

In today’s challenging business market, you may be tempted to slash prices in order to stay ahead of the competition. However, this strategy may not truly be in your best interest. In fact, it could turn into a recipe for disaster. To learn more about why this isn’t always a great strategy, I recommend that… Read more »