Strategy
Crisis management
Learn what to do when your business starts losing money and you do not know where to cut
Course description
A business starts losing money. Bills pile up, sales slow down, and the bank account gets smaller every month. The owner either panics and starts cutting everything, or ignores the numbers and hopes next month will be better. But it rarely helps, because both are reactions to fear, not to the actual numbers.
This course explains how to read the numbers, act on them, and come out the other side.
Built for anyone who runs a business that is in trouble, or wants to know what to do if it ever is.
What you'll learn
- Look at your bank account and know exactly how many months you actually have left
- Cut costs without accidentally killing the part that makes money
- Call someone you owe and walk away with more time instead of more problems
- Know whether your house and savings are at risk or not
- Tell whether it makes sense to keep fighting or start something new
Lessons
- 1Cash survival: stopping the leak7 min lesson
- 2Restructuring: cutting to the core without killing the company7 min lesson
- 3Creditor negotiations: managing debt under pressure7 min lesson
- 4Legal defense: protecting what you have left7 min lesson
- 5The phoenix: how companies rebuild after crisis7 min lesson