Continuing our blog series 12 Steps to Financial Recovery, we’re moving on to Step 2: Mobility. By that we refer to the mobilization of your team (in your company; it can be you as a business owner or the people who are in the executive department or your core set of advisors) to combat the identified difficultly. Once the problem has been identified and recognized as such (i.e. Step 1: Recognition), the time is now come to mobilize your team (or, again, yourself) to take on the task of financial recovery and form a team effort with a strong core group in order to be the most successful.
The core team members, once mobilized, will rely on each other to determine and form the vision of what the company will look like post-recovery. Your core team’s attentions will then need to turn to developing and evaluating potential strategies for recovery and mobilize the proper team members to assist in whatever posts at which they excel.
From here, your core team will continue to mobilize the different team members into recovery strategies that are in line with their strengths to analyze important issues and recommend further strategies.
Now completed, the next step will be to proceed with some Generic Treatments (Step 3) on certain issues that need to proceed immediately.
Stay tuned for the next step and in the meantime,
Please make sure you make an informed decision at all times,