As we write this text to you, we have already received hundreds of calls. The number one question that most companies in the current Corona crisis are concerned about is: How do I lead my company safely through the crisis?To enable you to act quickly and reliably in the current situation, we have summarized the 8 most important recommendations and measures to secure your business in a compact file:
We offer you structured methodological construction kits, IT tools and action plans for all eight recommendations for action presented. This enables us to reduce set-up times virtually to zero, which in turn enables the fastest results. Currently, we are already implementing these measures for nearly all our current mandates. We are also experienced in assisting in the securing of alternative financing options.
So, what applies in particular to medium-sized companies like yours?
Until government measures can take effect and legal certainty is established, companies must protect themselves consistently and act immediately. The action plan we have drawn up can roughly be divided into eight steps, although, due to the high time pressure, as many fields of action as possible must be dealt with in parallel as possible, while keeping clear responsibilities. In order to give you an outlook on our guide, we will go into the first two steps in more detail below:
Many companies have already had to implement this first step in the first two weeks of the corona crisis, sometimes without any significant preparation. These include:
While large corporations often have established essential mechanisms and structures, such as risk management, crisis management teams, globally networked collaboration platforms, etc., and thus have them ready for short-term use, the situation is often quite different for smaller companies:
The list of past omissions – often due to economic circumstances – is unfortunately long. In recent weeks, for example, available laptops have become scarce on the market because many companies still had to quickly increase the number of mobile workstations and thus home office applications and had to procure hardware and software at short notice and make them operational.
Since time is extremely pressing for many companies, especially when "pre-existing conditions" in the figurative sense are present, full transparency and the best possible simulation capability regarding financial and liquidity planning is now required above all as quickly as possible. These include:
Here you will find the complete overview of our guide:
Do you have any questions? With the experience of over 900 successful projects, we are proven restructuring and turnaround experts and would be happy to assist you at any time with all our expertise. Please contact us!