The Restructuring Process During a Downturn

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Leland (Lee) Goldberg (https://vetrn.org) talks about how to restructure from during a downturn. Inaction is the riskiest response to the uncertainties of an economic or financial crisis. No decision is a decision. You need to figure out the best way to survive and maximize both performance and cash flow during the economic or financial downturn. Then take the necessary steps to implement needed change. It is critical that you focus on cash. Prepare a 13-week rolling direct cash flow forecast. This is part of the New England Veterans Chamber of Commerce's, Military Family Leadership Series, WE ARE STRONGER LEARNING FROM EACH OTHER We created this series because we are in a unique time in history, and people are looking for answers. As individuals who are military-connected, we have unique lessons we can teach other, who better knows the meaning of “Got Your Six” then our military. For those who don’t know pilots in WWI were the first to say “I got your six” meaning I have your back, you are safe, because I am here. You can find additional information at https://nevcc.org