Step 12 to Financial Recovery: Financial Sustainability

At long last… we have reached the 12th and final step in our financial recovery series: the Outcome of Recovery, or Financial Sustainability.  Finally! The goal throughout the process has been to institute a long-term financial plan in order for you as a business owner to become more adjustable to the ever changing conditions of … More Step 12 to Financial Recovery: Financial Sustainability

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

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