This article was originally published in the Journal of Corporate Renewal (JCR), the official publication of the Turnaround Management Association (TMA). With each passing day, turnaround advisors, bankruptcy attorneys, and other supporting professionals answer the call as more and more businesses fight for their lives. Some of these businesses will implode from the pressures of the coronavirus…
This article was originally published in Forbes. As small and middle market businesses struggle with liquidity during this pandemic, there are levers that a business owner or CFO can pull to generate additional cash quickly. While there are implications to consider with every lever pulled, the reality is a business may have no choice. Business survival is…
This article was originally posted on Forbes. A Harvard economics survey estimates that 100,000 U.S. small and medium-sized businesses have already permanently shut, with 30-50% expected to fail by year-end, depending on the duration of Covid-19. The reality for many middle-market business owners is everything is on the line; more often than not personal assets…
All the king’s horses and all the king’s men couldn’t put Humpty together again. I’ve been thinking about that nursery rhyme these days as the federal government throws Trillions of dollars at this deepening economic crisis, even as Bain’s big thinkers are projecting that in just two months of COVID-19 mitigation efforts, we will likely…
Ray Dalio, who runs one of the world’s largest hedge funds, is also one of the smartest people in the room when it comes to economic thought rooted in learnings from history. If you have a few minutes, I’d highly encourage you to watch the Bridgewater founder’s recent TED presentation, where he makes a compelling…
