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

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