Cash is the lifeblood of the business. Colin Wright explains how the business can manage liquidity through the 'Cash War Room' concept, and who should be involved in 'Cash War Room' activities. The Government has set up a War Cabinet to plan Australia’s response to the current pandemic crisis. Similarly, your business needs to set up a Cash War Room to plan your response to the unfolding crisis so that you can survive this period. The immediate risk to ongoing business is one of liquidity. Therefore, there are two key issues that all businesses need to focus on. Ensure [...]

This article explains how a business can use scenario planning and modelling to make it through the pandemic period successfully and become a stronger business on the other side. We face one of the biggest challenges to business since the Second World War. We all expect that the extreme disruption we're all dealing with could last for six months or even more. It's a fact that many businesses will not survive this period. There will be a mix of luck and natural selection that will determine which businesses survive and thrive. The luck element refers to the fact that [...]