The Business Crisis Recovery Plan: What actually works when things get tough (EP19)

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The Business BFF with the Women's Accountant

Emma Bowdler, The Women's Accountant

22 episodes

20 hours ago

Welcome to the Business BFF, the podcast where fierce and fabulous business women come together for the kind of real talk and honest advice only your besties would give. I'm your host, Emma Bowdler, founder of The Women's Accountant, and I'm here to help you navigate the wild world of business, finance, and life, whether you're scaling up Starting fresh or just need a pep talk from someone who gets it, you're in the right place. So grab your favourite bevy and get comfy. It's time for a chat with your business BFFs.

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The Business Crisis Recovery Plan: What actually works when things get tough (EP19)

The Business BFF with the Women's Accountant

14 minutes 9 seconds

3 months ago

The Business Crisis Recovery Plan: What actually works when things get tough (EP19)

In this episode of 'The Business BFF,' host Emma Bowdler, founder of The Women's Accountant, discusses the harsh reality businesses face in the current challenging landscape. She shares actionable insights and strategies for businesses in crisis, emphasising the importance of brutal honesty, stopping financial bleeding, engaging with creditors early, eliminating problematic clients, and investing in professional help. Emma also emphasises the importance of maintaining marketing efforts, building financial reserves, and knowing when to close a business strategically. Tune in for practical advice on navigating through tough times and ensuring business continuity.

00:00 Introduction: The Brutal Business Landscape

01:01 Key Differences Between Survivors and Failures

01:42 Welcome to the Business BFF Podcast

02:17 Step 1: Brutal Honesty

04:09 Step 2: Stop the Bleeding

05:40 Step 3: Addressing Tax Obligations

06:29 Step 4: Letting Go of Problem Clients

06:58 Step 5: Seeking Professional Help

08:09 Step 6: Focusing on Revenue Recovery

09:08 Step 7: Building Financial Buffers

10:20 When Business Isn't Viable