Learn how to protect business profitability during a recession or financial downturn.
Overview
Syllabus
Introduction
- The biggest challenges in a downturn
- Corporate finance priorities
- Two ways to boost profitability
- Getting your numbers together
- Cleaning your numbers
- Prioritizing spend areas
- Benchmarking your costs
- Setting off-limit topics
- Prioritizing your vendors
- Negotiating with vendors
- Reverse auctions
- Exiting contracts
- Reducing physical overhead
- Asset recovery
- Asset identification
- Asset redeployment
- Asset divestiture
- Labor force considerations
- Reducing overtime
- Layoffs: The last move
- Two pieces of advice
Taught by
Jason Schenker