article thumbnail

Mastering the Art of Crisis Management: A Comprehensive Guide for Small Business Finances

Strategy Driven

If necessary, consider taking out a short-term loan to tide over the crisis. This might involve tough decisions like restructuring or letting go of less profitable product lines, but such changes can lead to a more robust business post-crisis. Building a Contingency Fund While the going is good, set aside funds for emergencies.

Finance 109
article thumbnail

Why Accounting in Business is Important

Strategy Driven

Liquid assets are cash, securities, receivables, and other financial assets that can be converted into cash within a short period, like a day or two. Intangible assets, such as buildings or equipment, are less liquid and can take longer to convert into cash.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Coaching Versus Consulting: Which Is Right for Your Organization?

N2Growth Blog

Whether streamlining operations, implementing new technologies, or restructuring business strategies, consulting professionals have the knowledge and skills to help leaders make informed decisions and execute transformational change precisely. Are you looking for short-term results or long-term sustainable growth?

article thumbnail

Have Labor Market Reforms Resulted In More Precarious Work?

The Horizons Tracker

“The cut in dismissal costs was more than half with respect to that stipulated by legislation in the 1980s, both in terms of days worked per year that are paid and in terms of the cut-off figure of monthly salaries that are paid,” the researchers say. Restructuring employment.

article thumbnail

10 Steps to Take if Your Business is Going Bankrupt

Strategy Driven

This is where a business has to restructure their company debt, contacting their debtors to arrange manageable payment instalments or liquidate assets to pay off outstanding debts. Restructure the Business. You may need to restructure the business in the short term to ensure that your creditors are paid.

CVA 123
article thumbnail

Preview Thursday: The 9 Dimensions of Conscious Success

Lead Change Blog

If you show up as a mess (I use this term to mean many aspects of your life) but want to impress people, your impact will surely fall short of your intent. David has helped guide large-scale change initiatives and business strategy driven by ERP, mergers, restructuring, and the need for cultural change.

article thumbnail

How to Manage International Expansion

Strategy Driven

In your international expansion timeline, you should try to add in as many short-term goals as possible. Doing this will mean that you are able to measure goals as you go, which will allow you to evaluate progress and restructure if necessary. Try to make these goals as clear and quantitively accessible as possible.