article thumbnail

Contingency Planning | N2Growth Blog

N2Growth Blog

This is so much the case that the most often overlooked aspect of strategic planning is adequately addressing contingencies as part of the planning process. The two most common outcomes created by a lack of contingency planning are: 1.) watching things grind to a halt as you scramble to evaluate options, and; 2.)

article thumbnail

Strategies for Successful Business Finance

Strategy Driven

Here, we will delve into some key strategies for successful business finance, highlighting the importance of financial planning, efficient budgeting, smart investments, and risk management. Financial Planning One of the first and most critical steps in achieving business financial success is creating a comprehensive financial plan.

Finance 99
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Next Wave of Digital Transformation: What Leaders Need to Know

N2Growth Blog

This heightened accountability holds great promise for industries such as healthcare, finance, and supply chains, fundamentally reshaping how businesses conduct their operations. These disruptive innovations have a massive impact across various sectors, such as healthcare, finance, retail, education, and travel.

article thumbnail

7 Ways to Keep Your Project Budget on Track and Profitable

Strategy Driven

Explore Alternate Financing Options Part of your contingency plan should involve sussing out alternate financing options , if needed. In addition, having a budget change option as part of the plan is helpful. Have some alternate financing options in place, just in case.

article thumbnail

Some Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

It''s also used to articulate the challenges an organization has, enabling contingency plans. Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). An analysis of the organization''s strengths and weaknesses is typically an internal examination process.

SWOT 99
article thumbnail

Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

It's also used to articulate the challenges an organization has, enabling contingency plans. Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). An analysis of the organization's strengths and weaknesses is typically an internal examination process.

SWOT 118
article thumbnail

Preparing Your Small Business For A Disaster

Strategy Driven

You also need to have a contingency plan fr paying your staff – it is vital that you try to keep paying staff as normally as possible, as you may find that you do not have a workforce when you are back up and running. If you have any loans or finance on anything, talk to your lenders and creditors. Talk to lenders.