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

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

Trust in Business: The (Old) New Frontier?

In the business world today, the trust factor has been replaced by signed agreements and lawyers. We have e-signatures, contracts that are pages and pages long, then other contracts to confirm the first agreement, non-disclosures and non-circumventions, the list goes on.  Point is, trust in business is frighteningly absent.  Not so long ago, deals were … More Trust in Business: The (Old) New Frontier?

Knowing Your Flations – Part II: Deflation

In a previous blog post we have discussed the economical situation known as inflation where prices for consumers are increasing. Here, the topic will switch to the opposite of inflation, which is deflation. Deflation is the reverse of inflation in that generally consumer prices are on a downward trend that is the effect by the … More Knowing Your Flations – Part II: Deflation