Business Planning For The ‘Next’ Normal, Part 2: Business Resiliency
Our managing director, Mike Ford, has published another Forbes article – Part 2 of his series on business planning as we move into a ‘next’ normal phase for businesses. This article focuses on business resiliency while Part 1 discussed cash flow issues.
As a business leader, for the past six months, you have faced unprecedented challenges and have been forced to deal with unimaginable situations. By tapping into your lessons learned during the COVID-19 crisis, you can begin to take the steps to ensure your business’ resiliency. This includes:
- Planning for the next disaster, including another pandemic
- Cash management
- Budgeting
- Diversifying revenues streams
- IT management and training
- Internal and external marketing communications and PR
At PBO Advisory Group, we are always looking for new ways to help our clients. We recently launched Business Disaster Planning Services to help you quickly and effectively respond to multiple types of disasters your business may face. To learn your level of disaster risk, take our short questionnaire and receive you results in real time.
Mike is an invited member of the Forbes Financial Council, an online group of financial professionals who share their expertise in a free forum. A complete list of Mike’s Forbes articles is found here.