Brief slide deck to spur your thinking and creativity as you reimagine how to recover from the COVID-19 crisis. The key to success is to begin thinking and acting now.
This document outlines the key components and importance of a business plan. It discusses that a business plan serves as a framework to help a business achieve its goals and benchmarks. The business plan is also a selling document that conveys the promise of the business to potential backers. Key components of an effective business plan include detailing the product or service, organizational structure, financial plans, statutory compliances, risk assessment, marketing strategy, management team, and production plans. Regular reviews and course corrections are important to help ensure the business plan remains realistic and effective.
Following this presentation you will:
- Understand the merits between small and large organisations.
- Identify the appropriate scale of operation.
- Realise the differences between internal and external growth.
- Understand the concept of economy of scale.
This document discusses how businesses can prepare for growth and scaling. It outlines several challenges owners face when wanting to scale, such as lacking an independent strategic view, not having a business or financial plan, and not knowing how to attract and structure talent. The document then provides guidance on developing a strategic vision and plan, organizational design, valuation, funding strategies, operational excellence initiatives, and governance processes to successfully scale a business. Key steps include setting goals, creating attainable plans, strengthening foundational processes, and decentralizing and empowering employees while maintaining central alignment.
The document discusses acquiring an established business venture through purchasing an existing business. It notes that buying an existing business can represent less risk than starting a new business from scratch. However, one must perform due diligence to understand the terms of the purchase. The document provides advice on evaluating business opportunities and established ventures through examining financial records, operations, competition, and viability factors. It also discusses different business valuation methods like asset-based, earnings-based, and market-based approaches.
Fundraising Series (Part One) - "Building Your Story"Pemo Theodore
Learn what investors really want to know about your company. During the Fundraising Series, you will have the opportunity to:
Review an operating plan; Analyze and build your target market size; Study market strategy; Understand your competitive landscape; Build your financial model; Construct an investor value proposition
Speakers:David Ehrenberg, Founder, Early Growth Financials; Sean Jacobsohn, Partner, Emergence Capital; Arif Janmohamed, Partner, Lightspeed Venture Partners; Steph Palmeri, Principal, SoftTech VC See archived livestream video https://new.livestream.com/orrick/yourstory
This document discusses strategic planning processes for corporations. It covers defining a corporate mission, establishing strategic business units (SBUs), allocating resources to SBUs, planning new businesses and exiting old ones. Frameworks for strategic analysis include the BCG matrix, GE matrix and SWOT analysis. The BCG matrix assesses cash generation of businesses based on market growth and market share. The GE matrix evaluates market attractiveness and competitive strength. The document also discusses intensive growth, integrative growth, diversification and downsizing strategies for new and old businesses.
The document discusses selling a small business and succession planning. It outlines reasons for selling a business such as retirement or health issues. The steps to selling a business include determining if it is saleable, setting a price, preparing for sale, finding buyers, and negotiating a deal. Succession planning involves identifying and training successors to take over ownership of the business. Retirement planning benefits both business owners and employees by allowing tax-deductible contributions to grow tax-free until distribution.
This document outlines the key components and importance of a business plan. It discusses that a business plan serves as a framework to help a business achieve its goals and benchmarks. The business plan is also a selling document that conveys the promise of the business to potential backers. Key components of an effective business plan include detailing the product or service, organizational structure, financial plans, statutory compliances, risk assessment, marketing strategy, management team, and production plans. Regular reviews and course corrections are important to help ensure the business plan remains realistic and effective.
Following this presentation you will:
- Understand the merits between small and large organisations.
- Identify the appropriate scale of operation.
- Realise the differences between internal and external growth.
- Understand the concept of economy of scale.
This document discusses how businesses can prepare for growth and scaling. It outlines several challenges owners face when wanting to scale, such as lacking an independent strategic view, not having a business or financial plan, and not knowing how to attract and structure talent. The document then provides guidance on developing a strategic vision and plan, organizational design, valuation, funding strategies, operational excellence initiatives, and governance processes to successfully scale a business. Key steps include setting goals, creating attainable plans, strengthening foundational processes, and decentralizing and empowering employees while maintaining central alignment.
The document discusses acquiring an established business venture through purchasing an existing business. It notes that buying an existing business can represent less risk than starting a new business from scratch. However, one must perform due diligence to understand the terms of the purchase. The document provides advice on evaluating business opportunities and established ventures through examining financial records, operations, competition, and viability factors. It also discusses different business valuation methods like asset-based, earnings-based, and market-based approaches.
Fundraising Series (Part One) - "Building Your Story"Pemo Theodore
Learn what investors really want to know about your company. During the Fundraising Series, you will have the opportunity to:
Review an operating plan; Analyze and build your target market size; Study market strategy; Understand your competitive landscape; Build your financial model; Construct an investor value proposition
Speakers:David Ehrenberg, Founder, Early Growth Financials; Sean Jacobsohn, Partner, Emergence Capital; Arif Janmohamed, Partner, Lightspeed Venture Partners; Steph Palmeri, Principal, SoftTech VC See archived livestream video https://new.livestream.com/orrick/yourstory
This document discusses strategic planning processes for corporations. It covers defining a corporate mission, establishing strategic business units (SBUs), allocating resources to SBUs, planning new businesses and exiting old ones. Frameworks for strategic analysis include the BCG matrix, GE matrix and SWOT analysis. The BCG matrix assesses cash generation of businesses based on market growth and market share. The GE matrix evaluates market attractiveness and competitive strength. The document also discusses intensive growth, integrative growth, diversification and downsizing strategies for new and old businesses.
The document discusses selling a small business and succession planning. It outlines reasons for selling a business such as retirement or health issues. The steps to selling a business include determining if it is saleable, setting a price, preparing for sale, finding buyers, and negotiating a deal. Succession planning involves identifying and training successors to take over ownership of the business. Retirement planning benefits both business owners and employees by allowing tax-deductible contributions to grow tax-free until distribution.
Budgets are a Four Letter Word - Chris JamesB2B CFO
This document discusses the importance of budgeting for businesses. It notes that businesses often go through four stages: infrastructure creation, infrastructure peak, outgrowth, and the "danger zone." During outgrowth, the needs of business owners (called "Finders") change and they need to shift their focus from the past to the future using tools like budgets, cash flow visibility, and strategic planning. Without proper budgeting and financial management during outgrowth, businesses can enter the "danger zone" where cash needs exceed available cash, potentially leading to business failure. The document advocates for Finders to surround themselves with financial experts, implement budgets and forecasts, and focus on their core role of generating new business while leaving financial management to others.
This document discusses the challenges of starting new business ventures and why some fail. It identifies three phases for new ventures: starting, survival, and growth. Each phase faces its own risks such as securing funding and customers. Critical factors for success include having a unique product or service, adequate investment, and sales growth. Common reasons for failure include poor timing, product or market issues, financial problems like undercapitalization, and management problems like nepotism or inflated egos.
Acquiring an established venture represents less risk than starting a new business as it comes with an existing customer base and revenue stream. However, buying a business is a complex process that requires thoroughly evaluating key business documents like financial records, contracts, and licenses. It is important to understand the target industry and markets before acquiring a venture to ensure it is a good strategic fit. While an established business provides advantages like immediate cash flow and existing assets, there are also potential disadvantages like needing upgrades or declining industry conditions that require investment. A comprehensive due diligence that examines financials, assets, contracts and the seller's claims is essential to evaluate an acquisition target.
Raising the next round of funding oct 2015ideatoipo
This document provides guidance on raising the next round of funding for a company. It discusses determining how much money is needed and creating financial projections. An exit strategy should be developed and considered. Different types of investors are described, and it is recommended to research specific investors to find the best fit. Key aspects of the investment process are outlined such as determining valuation, terms, and conditions. The document stresses being prepared with relevant materials and having a customized presentation for each investor while managing the due diligence process. Fundraising is positioned as an ongoing sales process requiring relationship building and handling rejection.
This document provides an overview of Wolverine's capabilities in providing intelligence for business growth. It discusses why executives seek Wolverine's assistance, representative project topics including business planning, product planning, strategic positioning intelligence, and market expansions. It also outlines Wolverine's view on the planning process, when clients use Wolverine, and provides examples of representative case studies.
Two Hour Financial Model is an excel-based template and series of videos that will help you learn to create a financial model quickly. For students, entrepreneurs, CFOs, and business owners. Checkout our website and Udemy video series.
Accounting and Valuation Considerations in Business TransactionsSkoda Minotti
Determining the value of a privately-held entity is no easy task. More so, when you are buying or selling a business, the entire transaction process can be overwhelming and confusing. There are many financial and non-financial factors to consider in the transaction process. The implications of an improperly executed transaction can not only make a financial impact, but also put you at risk of key compliance matters, whether accounting, tax, or regulatory matters. This presentation will review the key accounting and valuation concepts that are important to consider in merger and acquisition transactions.
The document discusses the importance of creating a business plan when starting a new venture. It defines what a business plan is and who prepares it. The business plan provides value to various stakeholders, such as investors, lenders, and employees by describing the business concept, goals, strategies, market analysis, operations, management team, and financial projections. It guides the entrepreneur throughout the startup process and should be monitored and updated as conditions change. Key sections of an effective business plan are outlined, including the executive summary, marketing plan, financial plan, and appendix. Common reasons for business plan failures are also presented.
This document discusses how the COVID-19 pandemic has affected business valuations and strategies for selling a business over the next two years. While private equity and corporate buyers are still active, valuations are lower and deals are taking longer to complete due diligence. Owners should get 2019 financials verified, document 2020 COVID impacts, evaluate strategic buyers, stress-test their business model's resiliency, and develop a growth strategy to strengthen their positioning for a sale. Taking these steps now can help optimize the future sale valuation and process.
There are different objectives that businesses may have when starting up. Many are not aiming to become large and instead want to provide a satisfactory living or be run part-time while keeping a day job. Some pursue social aims or want more control over their work life. Ambitious start-ups aim for growth but all must first focus on survival by reaching break-even and having enough cash. Success requires a profitable idea that meets customer demand as well as entrepreneurial traits like passion, resilience, and hard work.
Finding the Right Private Equity Partner for Your BusinessCitrin Cooperman
Business owners often need private capital to finance their business. How do you know if the private equity partner is right for you? This webinar discusses some of the important factors to look for in a private equity partner
The document provides information about services offered by SCORE to help businesses. SCORE offers free confidential business counseling sessions with experienced volunteer counselors, assignments to help think through business challenges, and follow up support. It encourages businesses to take advantage of these free services located at the Chicago SCORE chapter office to address questions and receive guidance for their business.
This ppt provides a snapshot on the subject of entrepreneurial finance and also provides an in-depth introduction on venture life cycle and its stages.
Helping startups deploy countermeasures to survive the crisis created by Covid-19 (Corona Virus). It provides tips to streamline their business and #breakthebreakout
The document discusses key account management. It defines key accounts as strategically important customers identified by sellers. Key account management is the integrated process of managing these accounts profitably. The document outlines benefits of key account management for both sellers and customers. It discusses best practices like clearly identifying key account portfolios and having key account plans and managers. The document provides guidance on key aspects of key account management like portfolio analysis, categorization, criteria for defining key accounts, and developing key account strategies and plans.
The document discusses the high demand and short supply of talent in the financial services industry due to regulatory changes and business needs. It summarizes Procura Group's services in providing compliance, risk, and technology professionals to banks and insurance companies. The document also outlines ways for candidates to enhance their employability, such as gaining additional experience, improving their CV, increasing their online visibility, partnering with specialist recruiters, and preparing for interviews.
The document discusses the importance of cash flow and infrastructure for businesses. It outlines 4 stages of a company's cash flow from infrastructure creation to potential outgrowth issues. The final sections provide advice on avoiding the "danger zone" of having cash needs exceed available cash through proper planning, reporting, and focusing on sales generation rather than day-to-day operations.
This document outlines a 4 step process for achieving business recovery:
1. Investigate the current state of the business financially and operationally to understand constraints and opportunities.
2. Identify immediate risks around areas where value is leaking, legal/regulatory issues, and assess management's ability to lead recovery.
3. Seriously evaluate the business' viability and ability to sustain itself on its current path with consideration of short-term funding needs.
4. Develop a practical recovery plan that specifies how resources will be deployed, commitment conditions, and progress monitoring to manage risks.
To define a sustainable business plan and demonstrate its value
To describe the benefits of a business plan
To set forth the viewpoints of those who read a business plan
To understand the mind-set of your five-minute reader
To see a complete outline of an effective business plan
To present some helpful hints for writing an effective business plan
To highlight points to remember in the presentation of a business plan
To underline some of the contrarian viewpoints on the importance of a business plan
Building Your Financial Model Key Startup Metrics David Ehrenberg
Does your financial model explain how your business really works? Give you clear insight into the financial health of your startup? Tell a story that inspires investor confidence and will help you to raise capital?
As Guy Kawasaki said so well in his entrepreneurial bible Art of the Start, “the point of financial projections is to tell a story with numbers—a story about opportunity, resource requirements, market forces, growth, milestone achievements, and profits."
Budgets are a Four Letter Word - Chris JamesB2B CFO
This document discusses the importance of budgeting for businesses. It notes that businesses often go through four stages: infrastructure creation, infrastructure peak, outgrowth, and the "danger zone." During outgrowth, the needs of business owners (called "Finders") change and they need to shift their focus from the past to the future using tools like budgets, cash flow visibility, and strategic planning. Without proper budgeting and financial management during outgrowth, businesses can enter the "danger zone" where cash needs exceed available cash, potentially leading to business failure. The document advocates for Finders to surround themselves with financial experts, implement budgets and forecasts, and focus on their core role of generating new business while leaving financial management to others.
This document discusses the challenges of starting new business ventures and why some fail. It identifies three phases for new ventures: starting, survival, and growth. Each phase faces its own risks such as securing funding and customers. Critical factors for success include having a unique product or service, adequate investment, and sales growth. Common reasons for failure include poor timing, product or market issues, financial problems like undercapitalization, and management problems like nepotism or inflated egos.
Acquiring an established venture represents less risk than starting a new business as it comes with an existing customer base and revenue stream. However, buying a business is a complex process that requires thoroughly evaluating key business documents like financial records, contracts, and licenses. It is important to understand the target industry and markets before acquiring a venture to ensure it is a good strategic fit. While an established business provides advantages like immediate cash flow and existing assets, there are also potential disadvantages like needing upgrades or declining industry conditions that require investment. A comprehensive due diligence that examines financials, assets, contracts and the seller's claims is essential to evaluate an acquisition target.
Raising the next round of funding oct 2015ideatoipo
This document provides guidance on raising the next round of funding for a company. It discusses determining how much money is needed and creating financial projections. An exit strategy should be developed and considered. Different types of investors are described, and it is recommended to research specific investors to find the best fit. Key aspects of the investment process are outlined such as determining valuation, terms, and conditions. The document stresses being prepared with relevant materials and having a customized presentation for each investor while managing the due diligence process. Fundraising is positioned as an ongoing sales process requiring relationship building and handling rejection.
This document provides an overview of Wolverine's capabilities in providing intelligence for business growth. It discusses why executives seek Wolverine's assistance, representative project topics including business planning, product planning, strategic positioning intelligence, and market expansions. It also outlines Wolverine's view on the planning process, when clients use Wolverine, and provides examples of representative case studies.
Two Hour Financial Model is an excel-based template and series of videos that will help you learn to create a financial model quickly. For students, entrepreneurs, CFOs, and business owners. Checkout our website and Udemy video series.
Accounting and Valuation Considerations in Business TransactionsSkoda Minotti
Determining the value of a privately-held entity is no easy task. More so, when you are buying or selling a business, the entire transaction process can be overwhelming and confusing. There are many financial and non-financial factors to consider in the transaction process. The implications of an improperly executed transaction can not only make a financial impact, but also put you at risk of key compliance matters, whether accounting, tax, or regulatory matters. This presentation will review the key accounting and valuation concepts that are important to consider in merger and acquisition transactions.
The document discusses the importance of creating a business plan when starting a new venture. It defines what a business plan is and who prepares it. The business plan provides value to various stakeholders, such as investors, lenders, and employees by describing the business concept, goals, strategies, market analysis, operations, management team, and financial projections. It guides the entrepreneur throughout the startup process and should be monitored and updated as conditions change. Key sections of an effective business plan are outlined, including the executive summary, marketing plan, financial plan, and appendix. Common reasons for business plan failures are also presented.
This document discusses how the COVID-19 pandemic has affected business valuations and strategies for selling a business over the next two years. While private equity and corporate buyers are still active, valuations are lower and deals are taking longer to complete due diligence. Owners should get 2019 financials verified, document 2020 COVID impacts, evaluate strategic buyers, stress-test their business model's resiliency, and develop a growth strategy to strengthen their positioning for a sale. Taking these steps now can help optimize the future sale valuation and process.
There are different objectives that businesses may have when starting up. Many are not aiming to become large and instead want to provide a satisfactory living or be run part-time while keeping a day job. Some pursue social aims or want more control over their work life. Ambitious start-ups aim for growth but all must first focus on survival by reaching break-even and having enough cash. Success requires a profitable idea that meets customer demand as well as entrepreneurial traits like passion, resilience, and hard work.
Finding the Right Private Equity Partner for Your BusinessCitrin Cooperman
Business owners often need private capital to finance their business. How do you know if the private equity partner is right for you? This webinar discusses some of the important factors to look for in a private equity partner
The document provides information about services offered by SCORE to help businesses. SCORE offers free confidential business counseling sessions with experienced volunteer counselors, assignments to help think through business challenges, and follow up support. It encourages businesses to take advantage of these free services located at the Chicago SCORE chapter office to address questions and receive guidance for their business.
This ppt provides a snapshot on the subject of entrepreneurial finance and also provides an in-depth introduction on venture life cycle and its stages.
Helping startups deploy countermeasures to survive the crisis created by Covid-19 (Corona Virus). It provides tips to streamline their business and #breakthebreakout
The document discusses key account management. It defines key accounts as strategically important customers identified by sellers. Key account management is the integrated process of managing these accounts profitably. The document outlines benefits of key account management for both sellers and customers. It discusses best practices like clearly identifying key account portfolios and having key account plans and managers. The document provides guidance on key aspects of key account management like portfolio analysis, categorization, criteria for defining key accounts, and developing key account strategies and plans.
The document discusses the high demand and short supply of talent in the financial services industry due to regulatory changes and business needs. It summarizes Procura Group's services in providing compliance, risk, and technology professionals to banks and insurance companies. The document also outlines ways for candidates to enhance their employability, such as gaining additional experience, improving their CV, increasing their online visibility, partnering with specialist recruiters, and preparing for interviews.
The document discusses the importance of cash flow and infrastructure for businesses. It outlines 4 stages of a company's cash flow from infrastructure creation to potential outgrowth issues. The final sections provide advice on avoiding the "danger zone" of having cash needs exceed available cash through proper planning, reporting, and focusing on sales generation rather than day-to-day operations.
This document outlines a 4 step process for achieving business recovery:
1. Investigate the current state of the business financially and operationally to understand constraints and opportunities.
2. Identify immediate risks around areas where value is leaking, legal/regulatory issues, and assess management's ability to lead recovery.
3. Seriously evaluate the business' viability and ability to sustain itself on its current path with consideration of short-term funding needs.
4. Develop a practical recovery plan that specifies how resources will be deployed, commitment conditions, and progress monitoring to manage risks.
To define a sustainable business plan and demonstrate its value
To describe the benefits of a business plan
To set forth the viewpoints of those who read a business plan
To understand the mind-set of your five-minute reader
To see a complete outline of an effective business plan
To present some helpful hints for writing an effective business plan
To highlight points to remember in the presentation of a business plan
To underline some of the contrarian viewpoints on the importance of a business plan
Building Your Financial Model Key Startup Metrics David Ehrenberg
Does your financial model explain how your business really works? Give you clear insight into the financial health of your startup? Tell a story that inspires investor confidence and will help you to raise capital?
As Guy Kawasaki said so well in his entrepreneurial bible Art of the Start, “the point of financial projections is to tell a story with numbers—a story about opportunity, resource requirements, market forces, growth, milestone achievements, and profits."
The document discusses key aspects of mergers and acquisitions (M&A), including the acquisition process, common reasons M&A deals fail, building an effective acquisition team, valuation methods, post-acquisition integration, dealing with human capital issues, and elements for a successful exit. It provides an overview of the M&A landscape, outlines the typical steps in the acquisition process and timeline, and identifies the top 25 reasons why M&A deals fail such as poor cultural fits, poorly managed integration, and failure to take immediate control of the acquired company.
What Is Life After Coronavirus? Impact On Business Valuations And Opportuniti...Rea & Associates
Are you wondering how the current COVID-19 (coronavirus) crisis has impacted the value of your business? Mary Beth Koester, CVA, CEPA, director of valuation and transaction advisory services at Rea & Associates, breaks down the impact this pandemic has had on small- to mid-sized businesses. Additionally, she will reveal powerful succession planning opportunities that are now available to business owners who are considering exiting their businesses over the next few years.
Specifically, if you attend this key business planning webinar, you will:
- Gain insight into conversations taking place throughout the valuation profession with regard to COVID-19 and its impact on business valuations.
- Learn about opportunities now available to business owners who are interested in crafting an ideal succession plan post-pandemic.
- Develop a greater understanding of the impact coronavirus has had on mergers and acquisitions and what you can do to successfully prepare your business for sale, including strategies for stabilizing cash flow and capturing value.
Learn more at https://www.reacpa.com
Anthony Pallotta, Director of the Careers Program at the Pre-Business Students' Network, gave an introduction to the functional areas of business to students at Western University.
The workshop outlined the essential careers options for students potentially interested in pursuing a business-relevant job graduating out of University. The workshop also detailed the major corporate players in each field, as well as current options and strategies for students to pursue while they are studying at Western.
This document provides an overview of entrepreneurial finance and new venture development. It discusses key concepts such as the stages of new venture development, common types of entrepreneurship, and the importance of tying financing to milestones. The business plan is presented as a tool for strategic planning, capital raising, and evaluating a venture's progress towards milestones. Overall, the document emphasizes that studying entrepreneurial finance can lead to better investment and financing decisions for new ventures.
Cash flow management by Vinod Keni at #TiEInstitutetiemumbai
This deck was presented by Vinod Keni (Avishkar Ventures/ Intellecap) at the #TiEInstitute knowledge Series session for Growth stage entrepreneurs on managing finance led growth by. This is one of the three modules covered by Vinod at this session.
Presented in July 2013
The document provides information on funding and financials for startups. It discusses three stages of funding - incubation, follow-up, and venture. Each stage has a target number of companies/founders, typical investment amounts, and objectives like developing an MVP or expanding distribution. Financial statements like the income statement and balance sheet are also covered, along with basic startup financial models and key elements to consider.
Baker Hill Prosper 2017 - Financial Projections to Drive Sound Credit GrowthBaker Hill
presented by Josh Thompson
"Financial Projections to Drive Sound Credit Growth” educated and instructed attendees on the usage and analysis of financial projections and sensitivity analysis - which have become vital components to sound underwriting, risk management practice, and heightened regulatory standards. The session covered the key drivers and assumptions that drive financial projection output. We explored best practices as well as the spectrum of benefits associated with adopting or enhancing a financial institution’s strategy around financial projections.
The document provides an overview of an upcoming presentation on financial projections for startups seeking funding. It introduces the two speakers and their backgrounds in finance and business valuations. The presentation will focus on how to build financial projections and why they are important for investors. It will cover objectives like demonstrating understanding of the business model and forcing due diligence. The document addresses common questions and concerns about projections and provides tips on assumptions, scenario planning, and building projections properly in a spreadsheet.
Construction Futures Wales - Managing Cash Flow 2016Rae Davies
This document discusses managing cash flow and developing cash management skills. It begins by introducing the Construction Futures Wales (CFW) program which provides consultancy support. It then discusses how CFW can help companies with cash flow issues through services like business diagnostics and leadership courses. The rest of the document focuses on developing cash management skills, including how to construct cash flow forecasts and monitor key performance indicators. It emphasizes that cash management requires considering other business functions and processes that impact cash flow. Companies are encouraged to take the CFW health check and attend upcoming events to get help improving their cash management.
Lean Enterprise Transformation - Innov8ors Conference Toronto Nov 2017Jonathan Bertfield
This document provides an overview of a presentation on lean enterprise transformation. It discusses understanding the context of innovation and entrepreneurship. It outlines an agenda to take initial steps to diagnose current maturity, and map next steps on the transformation journey. The presentation is given by Jonathan Bertfield, who has over 20 years of experience driving growth, innovation and product development at enterprises and startups.
CFO - How to sustain excellence in your company, by NYC Advisors, LLCNYC Advisors, LLC
The document provides guidance on achieving sustained excellence for CFOs and business leaders. It emphasizes the importance of common sense practices like cost control, customer service, and risk management. It also stresses strategic leadership through clear communication, goal-setting, benchmarking, and empowering employees. The document advocates for ongoing transformation, stress testing the business, and being prepared for different scenarios through contingency planning.
This document summarizes a seminar on complex legal and financial challenges related to business succession and family transitions. The agenda includes presentations from Key Bank on business succession strategies, Gallagher, Flynn & Co. on tax planning opportunities, and Dinse, Knapp & McAndrew on the legal aspects. It also includes a lunch presentation from the Mount Family on their business transition experience. The document then provides more details on various succession strategies and considerations, as well as an overview of financial planning processes and tax planning opportunities.
Similar to Recovering from covid 19 - july 2020 (20)
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
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Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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1. How to capture video testimonials that convert from your audience 🎥
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3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
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Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
1. Recovering From
COVID-19
A 360 DEGREE BUSINESS REVIEW
Christopher S. Bryan, MA, MBA, CPA, CGMA
C-Level Communications, Inc.
(904) 437-7022
2. Recovering from COVID-19:
A 360 Degree Business Review
TOPICS:
• Evolution of the COVID-19Crisis
• Current Business/Economic Environment
• 180 Degree Inward Look
• 180 Degree Outward Look
• Action Items
• Summary & Conclusion
3. Evolution of the COVID-19 Crisis
COVID-19 Cases Engulfed the World and the US Rapidly
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8000000
10000000
12000000
Jan 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20
COVID-19 Cases
Global US
4. US Business Interruption Cycle
• First US Cases
• Mass cancellations
of public events
“Acceleration of
Cases”
• Shelter in Place
• “Essential” vs
“Non-Essential”
“Flattening the
Curve” • Phase I Re-
Openings
• Abnormal Business
Environment
Resurgence/Waves?
5. Surviving the Disruption
BUSINESS IN THE “SOCIAL DISTANCE”
ENVIRONMENT
• Disorientation
• WFH/WFA Environment
• A Few NecessaryWorkers Remained in Office
• Virtual Meetings/Conferences/Presentations/SalesCalls
• RapidAdoption of eBusiness/Digital Systems
• Operations Leaders Quickly Adopted SaferWork
Practices
• Most Businesses Running LessThanCapacity
“LASTING SHIFTS IN SOCIAL
ATTITUDES, POLICY, WORK,
AND CONSUMPTION WILL
LIKELY ALSO EMERGE FROM
THE COVID -19 PANDEMIC.” –
BOSTON CONSULTING GROUP
6. The Promise: “A New Normal”
• Herd
Immunity/Vaccine
• Increasing Economic
Activity
“Economic
Recovery”
• Structural Changes
• Opportunities
Emerge
“Emerging
Opportunities” • Shift in Economic
Trends
• Massive Demand
Restructuring
The “New
Normal”
7. Plan and Prepare
for the “New
Normal” Now Financial
Stability
Customer
Demand
Adaptation
Growth
Mindset
Rethink
Strategy
Execute New
Strategy
Thrive in
“New
Normal”
“OUR DATA SHOWS THAT
COMPANIES THAT TAKE KEY
STEPS TO ACCELERATE
THROUGH A RECOVERY
EMERGE AS PERFORMANCE
LEADERS.” –BAIN & COMPANY
8. Secure Financial Stability
• SecureAdequate Cash Flow
• Strengthen Financial Reporting
Systems
• Strengthen KPI Reporting and
Monitoring
• Structure Balance Sheet to
Provide for Upcoming
Opportunities
• “KnowYour Math”
9. Reassess Customer Demand
• ConstantlyAssessYour Order
Intake Pipeline
• What Products/Services inYour
Industry are in Demand Now?
• BEWARE: Customers are in Play!
• Seek Opportunities to Gain New
Customers…Then Deliver!
• Maximize Every Opportunity to
Maintain Strong Customer
Relationships
• Gather as MuchVOC Data as
Possible!
“WE CAN ALREADY SEE SIGNIFICANT SHOCK -DRIVEN SHIFTS IN
PURCHASING PATTERNS…” –BOSTON CONSULTING GROUP
10. Adapt Operations to Meet Customer
Demand and Requirements
• AssessYour Product/Service
Delivery Stream-What Must
Change? How Fast can you
Change it? Can you Reduce
Transactional Friction?
• Do you Need to Secure Additional
Skills forYourTeam? Now is the
Time!
• Utilize Scenario Planning
Techniques to Drive Efficiencies
OnceThe Cycle of COVID-19 is
Over
• Mind the Details-Over Deliver
EveryTime
11. Analyze Emerging Opportunities and Adopt
the Growth Mindset
• ResearchYour Business Sector,
Industry and Demand Drivers
and Anticipate Potential Market
Shifts
• Identify Potential “Gaining” and
“Losing” Market Drivers
• Value the Probability and
Impact of Market Drivers
• Focus on High Probability and
High Impact Market Drivers
12. Analyze Emerging Opportunities and Adopt
the Growth Mindset
• Explore New Possibilities From
a Fresh Perspective
• SpendTime and Resources to
IncreaseYour Enterprise
Learning Capacity
• ShiftThinking from “We Do
This” to “We Could DoThis”
13. RethinkYour Strategy and Action Items
• As of March , 2020,Your 2019
Strategic Plan isWorthless…
• So isYour Execution Plan
• Re-GatherYour Data, Reconfirm,
Rethink and RefreshYour Strategic
Options, Confirm and RefreshYour
Strategic Decisions
• EvaluateYour Options Based on
Identified Emerging Opportunities
• Develop a New Execution Plan
“RE -IMAGINE THE ‘NEXT NORMAL’ —WHAT A DISCONTINUOUS SHIFT LOOKS
LIKE, AND IMPLICATIONS FOR HOW THE ORGANIZATION SHOULD REINVENT. ”
–MCKINSEY & COMPANY
14. Execute New Strategy and Action Items
• Urgently Execute—Windows of
Opportunity will Open and
Close Quickly
• New Strategic Action Items
May be Significantly Different
in the “New Normal”
• Implement Using “New
Normal”Tools
“RATHER THAN GO BACK TO THE PAST,
WINNERS DRIVE FORWARD TOWARD A NEW AND
DIFFERENT FUTURE.” –BAIN & COMPANY
15. Thrive in the New Normal
• Using Recent Business and
Economic History as a Guide-
Crises Always Drive Change
• Leaders that Anticipate
Change, PlanWell, Remain
Agile and Execute Quickly Meet
the Opportunity and Secure the
Winning Positions
• Others Look fromAfar, See the
Opportunity Open, andWatch
Others Fill the Gap
16. Action Items
• Secure the Financial Stability of the Business—”KnowYour Math”
• KnowYour Customer—Keep Relationships Strong—Find Hidden Demand
• AdaptYour Operational Plan—Plan to Over-Deliver EveryTime
• Start LookingAhead—AnticipateChanges inYour Industry—Develop an
OpportunisticGrowth Mindset
• RethinkYour Strategic Plan—Regather Data, Reconfirm and/or RefreshYour
Strategic Options, ReevaluateYour Strategic Decisions, Re-Plan Execution
• Execute Under “New Normal” Rules—Act Quickly
17. Summary & Conclusion
• The 2020/2021COVID-19 Crisis will Drive Significant Structural Economic
Changes
• Leaders and Innovators in the Best Organizations will Shape the “New Normal”
• Winners will Emerge in the “New Normal…”
• Losers will Fade Away in the “New Normal…”
• MakeYour Choice Now!
18. Credits/Sources
• Accenture, “OutmaneuverUncertainty: Navigating the Human and Business Impact of Covid-
19.”
• Bain & Company, “Why Return to ‘Normal’WhenYou Can Recover to aWinning Position.”
• Boston Consulting Group, “Sensing and Shaping the Post-COVID Era.”
• Colliers International, “12 IndustryChannels Expected toThrive Post-COVID-19.”
• Family Business Institute, “KnowYour Math.”
• Gartner, “Future ofWorkTrends Post-COVID-19.”
• McKinsey & Company, “COVID-19: Briefing Materials, Global Health and Crisis Response.”
• US Department of Commerce, “10 Pandemic-Inspired BusinessTrendsThatAre Here to Stay.”
• World Bank Group, “Winners and Losers from COVID-19:Global Evidence from Google Search.”
19. Contact Information
CHRISTOPHER S. BRYAN, MA, MBA, CPA, CGMA
(904) 437-7022
CHRISTOPHER.BRYAN.CPA@GMAIL.COM
HTTPS://WWW.LINKEDIN.COM/IN/CHRISTOPHER-
BRYAN-5AB1B53A/