Making It Work! – Managing For Success Through the Coronavirus Pandemic
Introduction
Crazy times are upon us. The Coronavirus pandemic, drop in oil prices and the significant financial market contraction are leaving many with a feeling of uncertainty – and possibly even a bit of fear!
For the last few years we have been living in an expansive business environment, strong bull market, full employment and inexpensive capital. Growth has been wonderful and steady. Yet based on the comments of many economists we can no longer be confident that this strong business environment will continue. In fact, many are calling for a significant contraction.
What does this mean for your business? What is around the corner? Have you been wondering about actions you might take to weather the storm? This sudden end to 11 years of growth in the financial markets within less than two weeks is very unsettling! How do you react? How do you protect your company’s value during these wild times?
One thing that is clear, as has been demonstrated by past economic periods, is that the uncertainty will create significant opportunity. There will be many opportunities for business owners and executives willing to be creative and explore ideas and strategies that could help you not only survive the storm, but even create substantial value in the process.
Therefore, it is important that you not only devise creative defensive strategies, but prepare for the time when this crisis passes and we can begin to ramp back up.
Over the next several days Agora will post specific thoughts and ideas to help position your company to weather the storm and recover quickly. Look for these, brainstorm with your team, be creative, have discussions with other business owners – be proactive, not reactive!
Here is a list of the additional thoughts that we will be publishing the next several days:
- Defensive vs. Offensive Strategies
- Protecting Cash Flow
- Protecting Revenue
- Protecting Your Employees
- Offensive Strategies
- Positioning to Ramp Quickly After The Crisis
- Maximizing Your Revenue Growth
How can Agora’s Strategic Advisors help? Give us a call, and involve us in the dialogue. We can be a very creative resource. We make this offer to you on a no cost, no obligation basis. We offer you complete freedom to talk with us. We know we can help, and even help you build value. We have been through a few downturns before and provided valuable assistance.
Contact us, it will be a very interesting discussion!
-Garry Krum and the Agora Team
Kevin Brownlee, St. Georges, UT – (406) 600-1937; kevinb@agoraconsulting.us
Garry Krum, Fort Collins, CO – (970) 227-2885; garryk@agoraconsulting.us
Kevin Lemasters, Loveland, CO – (970) 576-9437; kevinl@agoraconsulting.us
Josh Schuler, Fort Collins, CO – (970) 658-6381; joshs@agoraconsulting.us
Steve Smith, Cody, WY – (401) 481-6863; steves@agoraconsulting.us
