Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
https://www.christinasjahli.com/
episode 55: How to Stress-Test the Financial Health of Your Business
As entrepreneurs, it’s expected there will be times where everything is going well and times where we are dealing with a high degree of uncertainty and fear of a decline in revenue, profit and cash flow.
It doesn’t matter if you are a large, medium or small business, you will learn, in an uncertain situation, a CEO must understand the business financial numbers to figure out new strategies to deploy, to keep the company running.
During a possible economic downturn, financial resilience is critical. Finance resilience means how a business survives during unexpected financial hits.
First, you must know where you stand and how much “stress” your business can handle from a financial perspective in a possible economic downturn.
In this episode, I shared the following key points:
1. What is the scenario or what-if analysis?
2. What are the key areas to think about in building this?
3. Why is this useful to build resilience in a possible economic downturn?
Download the scenario or what-if analysis template here.
How can I help you?
Click here to submit your question. I will answer your question through a bonus episode or a video. No email is required.
I'm running a contest where I would love for you to vote for one of Her CEO Journey who inspires you the most, only for episodes released during the first quarter of 2020. A winner for the most inspirational journey will be announced in April. It will mean so much for me and my guests to know our conversations help your journey. Click here to submit your favorite episode by March 31, 2020.
I invite you to listen to January’s and February’s episodes, as well as March's episodes and don't forget to subscribe!
Let’s continue to grow a business that fuels the life that you want to live.
Want a VIP session with me?
When you’re ready to stress test your business financial health, click here to schedule a call. Let's assess first if we're a fit.
Connect with Christina:
➤ Website