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Business Restart – the funding processadmin2017-10-04T21:11:06+00:00
Getting the patient out of critical care creating the plan to invest in..
wk0 -2 – due diligence detail / refine root cause and outcome actions, easy and likelihood of execution
wk1-3 stakeholder sign off / formal legal ratification of plan / escalation routes, key milestones?
Wk2 are there adequate stakeholders on board – who needs managing or replacing are investors interested?
day 0 empower the team / clarify ownership
- establish the single source of the truth; sources of key data
- cascade the objectives
- leave “how” with the team, present back their plans , escalation process, mandate
- things to stop doing and spending on NOW
- focus on results no words
- no blame culture, process not personal
- ground rules for working together / team work
- meeting structure / mandatory / not
wk1 implementation
- amnesty; focus on what works
- identify lead indicators – inputs to the financials
- short term funding solutions e.g. stock clearance
- create simple reporting structure
- create ownership for all critical aspects
- fill gaps / create support structure plug gaps in organisation
- marketing
- sales
- discounts
- operations etc
- customer management
- burning fires
- things to stop spending on NOW
- containment and stabilisation
- quick wins
- capability gaps / building
- immediate issues; get to solvency
- measurement team working
- cash management / control
- 13 week rolling cash forecast / manage sign off / inputs
- support challenge framework
- review vs objectives and review framework
establish intermediate KPIs