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Posted by GTC Financial on 3.07.2020

Business Resilience: Understanding Your Market

As accountants, we want our clients to build resilient and successful businesses. That means overcoming the challenges and pursuing the opportunities presented by current market conditions. Leaders of resilient businesses ensure they understand their market, especially the customers and competition.

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Topics: Business Improvement, Business Planning, business continuity planning

Posted by GTC Financial on 3.07.2020

Business Resilience: Vision & Goals

As accountants, we strive to help our clients build resilient and successful businesses. In the current business environment, there are both challenges and opportunities.

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Topics: Business Improvement, Business Planning, business continuity planning

Posted by GTC Financial on 3.07.2020

Is Your Business Model Standing the Test of COVID-19?

As accountants, we need to understand our clients’ business models. In very simple terms, a business model refers to “the way a business makes money”. Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales price exceeds the costs of supplying that product.

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Topics: Business Improvement, Business Planning, business continuity planning

Posted by Jody Smith on 3.06.2020

Managing Cash Flow in a Crisis

In the midst of a global pandemic, now more than ever, it is important as a business owner to have a good handle on your business’s cash needs. While some parts of the economy are starting to open back up, many businesses are only just starting to feel the full impact of dropping sales figures over the last couple of months.

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Topics: Business Improvement, Business Planning, cashflow

Posted by Jody Smith on 1.05.2020

From Survival to Resilience: Shifting the Focus

Business survival has been a popular topic in recent weeks but businesses are shifting their focus to resilience. What does it take to build businesses that can survive AND thrive in the longer term… while insulating them from a recurrence of recent events? It’s not about picking up where we left off because what worked in the past may not work in the future. Let’s take a look at the attributes of resilient (or sustainable) businesses.

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Topics: Business Planning, managing business risk covid-19

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