Survive to Thrive

Beyond the Blunders and Mistakes Lessons Learned and 7 Opportunities to THRIVE

Beyond the Blunders and Mistakes   Lessons Learned and 7 Opportunities to THRIVE   Over the last two months, we provided our top-level perspective about the impact of blunders and mistakes in an unprecedented economic environment. We examined a specific set of circumstances; made recommendations about how to avoid them and wrote about fore-planning and strategic decision-making and how they…


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…


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…


S2T - Mistake 2 Picture with Text Verdana

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…


Survive to Thrive: Phase II Revise

A 3-Part Playbook to   Sustainability in Times of Uncertainty    Phase II: Revise in Order to Thrive   In our three-phase series, Survive to Thrive, we outline specific steps you can take to prepare, re-position and take advantage of emerging opportunities to accelerate your business through the current economic downturn. Our Phase I: Survive article, we laid the foundation with a…


Survive to thrive

Survive To Thrive: Phase I Survive

A 3-Part Playbook to Sustainability in Times of Uncertainty   In times of uncertainty, fear, despair and anxiousness are typical ‘go to’ states of being. And while it is important to acknowledge these feelings, what is more important, and what will determine your next level and speed of recovery, is what you do next. This is the meaning of ‘resilience.’ Resilience is about survival.…