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
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
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
In the business world today, the trust factor has been replaced by signed agreements and lawyers.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?
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
Often when the word “asset” is mentioned, the first thought that comes to mind is Cash, or Accounts Receivable, or Inventory, or Furniture, or Tools, etc. This is certainly not without merit but other things, objects, or tangibles can be assets as well. For example, this “other” asset can also be the person or persons … More People Are Assets, Too!
Though both Merchant Banking Institutions and Investment Banks contain the word “bank,” neither is actually a bank in the traditional terms where one would normally perform such activities as checking and savings accounts. In fact, at their core, they are quite different types of financial institutions that perform otherwise different services. Investment banks, on the … More Investment Banking vs Merchant Banking