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LinkedIn Learning

Corporate Finance: Profitability in a Financial Downturn

via LinkedIn Learning

Overview

Learn how to protect business profitability during a recession or financial downturn.

When an organization experiences a financial downturn, it should start looking for proactive ways to improve profitability. In this course, consultant and economist Jason Schenker explains how to cut costs and improve cash flow to survive an economic decline and set up the business for long-term success. Learn about the biggest challenges companies face in a downturn, discover how to fine-tune your financial priorities, and find ways to reduce costs. Get practical tips to help you negotiate with vendors, reduce overhead, recover and redeploy existing assets, and cut back on labor costs.

Syllabus

Introduction
  • The biggest challenges in a downturn
  • Corporate finance priorities
1. Measure Twice, Cut Spend Once
  • Two ways to boost profitability
  • Getting your numbers together
  • Cleaning your numbers
  • Prioritizing spend areas
  • Benchmarking your costs
  • Setting off-limit topics
2. Making Cuts
  • Prioritizing your vendors
  • Negotiating with vendors
  • Reverse auctions
  • Exiting contracts
  • Reducing physical overhead
3. Asset Recovery and Divestiture
  • Asset recovery
  • Asset identification
  • Asset redeployment
  • Asset divestiture
4. Labor Cost Cutting
  • Labor force considerations
  • Reducing overtime
  • Layoffs: The last move
  • Two pieces of advice

Taught by

Jason Schenker

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