Month: June 2020

Survive to Thrive: Phase II Revise - Mistake #7

 7 Blunders & Key Mistakes Businesses Make During a Crises & How to Avoid Them    Mistake #7:  Energy Management – Unexpected Issues Preventing the Team to Move Forward Effectively   Over the past several weeks, we have been discussing the impact of blunders and mistakes businesses make during difficult times. Each article has examined a specific set of circumstances and made…


Survive to Thrive: Phase II Revise - Mistake #6

7 Blunders & Key Mistakes Businesses Make During a Crises & How to Avoid Them   These are extraordinary times. Even the most battle tested businesses have been pushed to their limits. At Assay, our team of experienced business operators have more than a century of combined expertise managing and scaling their own companies and advising business owners. For the past several weeks, we…


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Survive to Thrive: Phase II Revise - Mistake #5

7 Blunders & Key Mistakes Businesses Make During a Crisis & How to Avoid Them   Mistake #5:  Business Model – Lacking the Understanding of Your Financial Ratios   If you have missed any of the first four mistakes businesses make during a crisis, you can read about them here:  Understanding Your Industry Cycle (M1),  Timing (M2), Risk (M3) and Liquidity (M4). Today we move on to…


Survive to Thrive: Phase II Revise - Mistake #4

7 Blunders & Key Mistakes Businesses Make During a Crisis & How to Avoid Them    Mistake #4:  Liquidity - Missing Investment Opportunities   Thus far we have discussed the importance of understanding your industry cycle and choosing whether to wait and rise with the tide, or seize the opportunity to grow, gain market-share and enhance your capabilities (M1).  Next, we…


Survive to Thrive: Phase II Revise - Mistake #3

7 Blunders & Key Mistakes Businesses Make During a Crisis & How to Avoid Them    Mistake #3:  Risk – Misunderstanding Your Personal & the Company’s Risk Appetite   In Mistake #1(M1), we shared the importance of understanding your industry cycle and choosing to rise with the tide, or seizing the opportunity to grow, gain market-share and enhance your capabilities.  In Mistake…


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Survive to Thrive: Phase II Revise - Mistake #2

7 Blunders & Key Mistakes Businesses Make During a Crisis & How to Avoid Them   Mistake #2:  Timing – Missing the Boat   In Mistake #1 (M1), we shared the importance of understanding your industry cycle and those of your clients and choosing whether to rise with the tide, to seize the opportunity to grow, gain market-share and enhance your capabilities or slowly sink to the…


Survive to Thrive: Phase II Revise - Mistake #1

7 Blunders & Key Mistakes Businesses Make During a Crisis & How to Avoid Them   Mistake #1:  Misdiagnosing Industry Changes   All industries have life a cycle and they all respond differently to recessions. Furthermore, different sectors enter and emerge from downturns at different times and at different rates. Industry life cycles are based on performance relative to the…