Step 5 to Financial Recovery: Fiscal First Aid

In our series on the 12 Steps to Financial Recovery we have so far talked about recognizing that there is a problem, mobilizing resources (including your team), trying out some generic treatments (which is the beginning of the process of elimination, really) and then getting a more in-depth diagnosis underway.  This brings us to Step … More Step 5 to Financial Recovery: Fiscal First Aid

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Step 4 to Financial Recovery: Initial Diagnosis

We have been talking about the Process to Financial Recovery (as per the Government Finance Officers Association) in our series of the same name so far and we have talked about recognizing, mobilizing, and coming up with generic treatments.  Today we are up to Step 4: the Initial Diagnosis. Now some will ask: why are … More Step 4 to Financial Recovery: Initial Diagnosis

Step 3 to Financial Recovery: Generic Treatments

As we continue through the Process to Financial Recovery (as defined by the Government Finance Officers Association) we come to Step 3: Generic Treatments. At this point, after recognizing the problem(s) in the business and mobilizing a core team to carry out the strategy for recovery, cost-cutting techniques may need to be enforced without hesitation … More Step 3 to Financial Recovery: Generic Treatments