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The global financial crisis prompted many companies to pull in their horns, hoard cash, trim costs, and take a wary view of large investments. Bain & Company’s Macro Trends Group carefully analyzed the global balancesheet and found that the world is awash in money. times global GDP) to more than $600 trillion (9.5
You want good talent back when this is over. If cash is tight, let them know, work out payment plans, and above all, don’t be silent about it. Work with your bank , especially if you have a term loan and cashflow issues. Call customers, referral sources, be on social media if it’s a fit for what you do.
” But the CFO coach reminded her that being a past-based CFO is a gift and to use that talent wisely. The balancesheet is dull and boring with almost no debt. It’s one of those balancesheets that lacks drama. And cashflow? “Your 80% is another person’s 100%. Never forget it.”
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