Overview
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Learn how to protect business profitability during a recession or financial downturn.
Syllabus
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Introduction
- The biggest challenges in a downturn
- Corporate finance priorities
- Two ways to boost profitability
- Getting your numbers together
- Cleaning your numbers
- Prioritizing spend areas
- Benchmarking your costs
- Setting off-limit topics
- Prioritizing your vendors
- Negotiating with vendors
- Reverse auctions
- Exiting contracts
- Reducing physical overhead
- Asset recovery
- Asset identification
- Asset redeployment
- Asset divestiture
- Labor force considerations
- Reducing overtime
- Layoffs: The last move
- Two pieces of advice
