It is Possible to do More with Less and Create Greater Value
Have you heard this before?
“As much as I’d like to add another person to your team, we just don’t have the money in the budget. See if you can spread the work across the existing team.”
Have you heard this before?
“As much as I’d like to add another person to your team, we just don’t have the money in the budget. See if you can spread the work across the existing team.”
A strong risk culture, a proactive board and operational resilience are among the keys to successful reputational risk management.
As Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it.” This rings especially true today, as high-profile crises – including handling a pandemic, economic collapse, cyberattacks, product recalls and damaging social media posts – are prevalent.
Need to fuel growth, to launch new initiatives, pay for equipment, or hire skilled professionals? Rewind a few years: the bank’s answer may have been a resounding “No.” Wary of lending, they clung to cash reserves. As the economy recovers, however, they know that loans drive profits. The stigma of write-offs may sharpen the pencils of some bankers, but in general, capital ratios have improved, and banks want to put their cash to use.
How do you choose which bank should put its cash to use for your business?
Change is inevitable and it can be a good thing. It wasn’t long ago accounting and finance professionals were pushing pencils on a green pad of paper from a beige cubicle. Now we’re pushing buttons with green energy from the comforts of home. As we move further into the 21st century, the world of finance continues to progress beyond applications and the environment.
Adjusting nimbly to rapidly changing business conditions, will keep your business in the “(k)now”. Stop waiting for the annual edition of Your Business – The Past 12 Months. Instead, stay ahead of the game with “Rolling Forecasts”.