Decreasing cash flows are a telltale sign that company might be headed for distress. However, negative impacts on cash flow are the are result of various factors - decreasing margins, slower sales, increasing costs along with many other reasons which will cause cash flows to decrease. If you are finding your bank balance dwindling or your line of credit rising without understanding the cause, then you have a problem. Get focused and start researching the reasons.
An interesting study exists called Roads to Resilience, which is a 2014 report by the UK’s Cranfield School of Management on behalf of the UK insurance and risk consultancy, Airmic. The basic thesis is that opportunity is the upside of risk, and that seizing risk-driven opportunities requires a decisive and rapid response, which in turn requires empowered teams, practiced processes and flexible resources.
Does this describe you?You are in your 50s…the business that you started on your kitchen table at home and that you sunk more time into than your family …is flourishing.
Moving forward and adapting in a rapidly-changing and challenging business climate-doing “what you need to do!”
Businesses and CEOs require tested, reliable input from outside sources to remain at the top of their game. The best performing businesses receive spot-on advice from trusted sources in the form of boards. Creating the right blend of experience and personalities on a board is not easy because boards come in a variety of packages.
“I have views on most matters, and I am as willing as a politician to change most of them.” -James Agate
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