-
Last time we discussed the first three ways to V-Curve your business amid this financial crisis. Many businesses saw their business dry up, and their pipeline of new opportunities dwindle. Depending on your industry, you are feeling this crisis differently. Some industries may be experiencing a lag effect, so you need to be prepared. -
Amid the current COVID recession, we are all hoping the economy does more of “V Curve” rather than a “Nike Swoosh.” The V-Curve would be a quick bounce-back of the economy at previous levels. The “Nike Swoosh” is more of a slow incline that takes longer to recover. We certainly cannot control the economy in total, but we can manage our own business. As I meet with clients, we discuss ways to pivot and grow even amid economic headwinds. -
Have you wondered who will be the winners and losers during this current recession? Okay, maybe it hasn’t been officially announced that we are actually in a recession, but I am sure we will be after the 2nd quarter. Some industries will do better, such as grocery stores that deliver, swimming pool companies, online learning platforms, video conferencing services, and online gaming and entertainment. Sometimes companies can just be lucky to be in the right place at the right time. But what can we do if we aren’t one of the “lucky” ones? Can we do anything to increase our odds of surviving or growing in this economy? -
If seven out of ten businesses will not last ten years, what makes businesses succeed? With research and experience, I have come up with a list of the top 10 reasons businesses succeed. -
By Shane Bender, Founder Bender CFO Services