Remove Accounts Remove Balance Sheet Remove Fixed Costs
article thumbnail

CEOs Can’t Fight The Fed, But You Can Do These Things To Weather The Coming Storm

Chief Executive

If your costs are likely to increase by 20% or more over the next three years, have a multi-pronged approach and take bold actions. Stress test a simplified P&L and balance sheet for your company under different volume changes (include interest, taxes and capex—not just EBITDA). to make more costs variable).

article thumbnail

There Is A Roadmap Through Today’s Financial Crunch

Chief Executive

Manage your business “on the basis of cash, not on the basis of accounting,” Charan said, reminding his audience that Jeff Bezos built Amazon into a multi-billion-dollar company partly by putting cash on the throne of his operating philosophy. Accounts receivable and inventories are the two areas of biggest concern. Beware cash traps.