JPAbusiness

As business owners and managers trying to operate in these extraordinary and uncharted times, my advice is to hope for the best and plan for the worst.

Because we don’t know when things will turn around and there’s so much uncertainty, it’s easy to say it’s all too hard to do meaningful business planning. I beg to disagree!

Now is just the time to do some straight-forward scenario planning, along with risk assessments and identifying critical strategic and operational priorities.

In this blog we’re sharing a series of questions and suggested actions to help guide you through that process.

Topics: Business Planning, business advice, Business advisor, James Price, JPAbusiness, Parramatta, cash flow management, COVID-19, business strategy, coronavirus, scenario planning

As a business owner or manager, there are a number of 'levers' you need to control to successfully manage working capital and drive a successful, cash-generating business.

As our Working Capital Checklist shows, those levers fall into two buckets: current assets and current liabilities.

You can use the free checklist to assist you in achieving a firm control of your working capital levers and cash position, so your business proposition is not hampered by poor cash flow.

Topics: Business Value, Selling your business, Cash flow, Working capital, Exiting your business, Template, Checklist, business management, COVID-19, business strategy, coronavirus

The experts tell us it could be 12–18 months before a vaccine for COVID-19 is found and made universally available.

So, while we can hope for a lesser period, we probably need to plan for uncertainty to continue over this time frame. And remember, the vaccine will only deal with the health and wellbeing aspects of the crisis. What about the lingering economic and social impacts of a world and global economy shifting down? What about the impact on your business? What should you be prioritising today?

Topics: Business Planning, business advice, Business advisor, James Price, strategic planning, JPAbusiness, Parramatta, COVID-19, business strategy, coronavirus