Step 11 to Financial Recovery: Managing the Recovery Process

In our series on the 12 Steps to Financial Recovery, we now come to the second-to-last step: Managing the Recovery Process. Now that the necessary leadership has been determined and has been seeing to the success of the recovery endeavour, it is time for the leader(s) to be put into action by making the difficult … More Step 11 to Financial Recovery: Managing the Recovery Process

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Step 10 to Financial Recovery: Recovery Leadership

For the past 9 steps in our 12-step series on Financial Recovery, we’ve been taking you, our readers, through the steps (originally outlined by the GFAO, see http://www.gfao.org) that you have to walk to get your business (or company’s business) back in the black and on the way into recovery and out of whatever hole … More Step 10 to Financial Recovery: Recovery Leadership

Step 9 to Financial Recovery: Long-Term Financial Planning

Having done the preliminary work of assessing and working through the early stages of a business’s problems and road to recovery, we’ve recently talked about actually hashing out the Recovery Plan and then putting together some long-term therapies – now we’re moving on top Step 9: Long-term financial planning in the GOFA’s guide to financial … More Step 9 to Financial Recovery: Long-Term Financial Planning

Step 8 to Financial Recovery: Long-Term Therapies

In continuing with our series on the 12 Steps to Financial Recovery, we are now moving on to the next step.  So once you’ve done your in-depth diagnosis and have figured out your Recovery Plan for bringing your business back onto the road to financial recovery, you now need to discuss Long-Term Treatments, which is … More Step 8 to Financial Recovery: Long-Term Therapies

Step 7 to Financial Recovery: The Recovery Plan

We have come, finally, into the action stage of our 12-step financial recovery process.  We have analyzed, come up with some generic solutions, run some alpha tests, gone back to the drawing board, delved deeper into diagnosing and then run some beta tests. So now we should have come up with some solutions that work … More Step 7 to Financial Recovery: The Recovery Plan

Step 6 to Financial Recovery: Detailed Diagnosis

Here we are now at the mid-point in the process of financial recovery.  We’ve talked about recognizing that the business is in trouble, getting your core team of executives to get some strategies figured out, running some generic treatments to eliminate certain options, and also putting together a plan of the available treatments that you … More Step 6 to Financial Recovery: Detailed Diagnosis