The biggest impacts come from uncontrollable non-financial risks like epidemics (covid-19) and pandemics, and natural disasters.
While each crisis does eventually pass, the businesses that survive are those that have plans in place, or are quick to put them in place.
The best payoff is in sharing the load and reducing your stress; a problem shared is a problem halved. So if you need to make a plan, de-risk your business, or improve your profitability and cash flow, get in touch today.
About the Author
Murray Phillips is the founder of Insight CA and The Cash Out Catalyst. A former multinational CFO, Murray now works alongside established New Zealand business owners – bringing CFO-level thinking to businesses that have outgrown their accountant but aren’t ready for a full-time hire.
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