How should we prepare for an economic downturn?
Start by re-evaluating your projections and assumptions in your financial model while building new scenarios.
How do you build a strong financial model with different scenarios?
What are the key drivers of your business (Revenue and Expense items) and how do you build a operating budget with new assumptions?
What is the financial impact?
What are the next steps to make changes and how do you decide?
Potential options to re-consider during a volatile market:
Cutting Cost
Headcount Management
Revenue Generation
How to analyze Revenue & Expenses?
I will guide you on what line items to focus on and how to make changes on expenses from non-essentials to personnel, while coming up with new strategies on generating more revenue.
Our decisions will be based on different scenarios and the financial impact of each potential change.