Turnaround & Crisis Management

COVID-19: Managing Risk

covid-19-managing-risk

We’re in the midst of a once-in-a-century pandemic, and uncertainty has never been greater.  Each week, and sometimes each day, presents a new challenge, and some of those challenges present issues that we may not be prepared to face.  But we persevere.  It’s been five months since the wave of […]

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How To Have Forward Vision During Turbulent Times

two people discussing financial strategy

We all realize that leadership is the key to successfully moving a business forward. This is the case during good times, and even more so during challenging times. Successfully moving forward during turbulent times is often accomplished by brainstorming alternative actions. Alternative actions can include various strategies that I categorize […]

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Your Business Recovery Plan After Covid-19

chess board game concept for competition and strategy

Most of you who are reading this did not have an action plan for responsiveness to a global pandemic.  The risk of this occurring was unlikely, remote or improbable.  But COVID-19 has swept across the globe and most business strategic plans for 2020 have been thrown out the window.  But, as the calendar […]

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How to Prevent Small Business Failure

Failure in business

According to the Small Business Administration, roughly 20% of small businesses fail during the first year of operation. That’s a surprisingly low number considering the commonly held belief that most businesses fail within the first year. Longer term, half of small businesses survive for five years, and only one third […]

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Disaster Recovery: What is it Really?

Consultant sitting at a desk discussing bankruptcy

WhatIs.com defines Disaster Recovery (“DR”) as “an area of security planning that aims to protect an organization from the effects of significant negative events. DR allows an organization to maintain or quickly resume mission-critical functions following a disaster.” I think this is a fairly good definition. Your DR plan must […]

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