{"id":4744,"date":"2020-03-14T16:41:00","date_gmt":"2020-03-14T20:41:00","guid":{"rendered":"https:\/\/www.ggfl.ca\/?p=4744"},"modified":"2023-08-14T10:57:28","modified_gmt":"2023-08-14T14:57:28","slug":"slowdown","status":"publish","type":"post","link":"https:\/\/www.ggfl.ca\/slowdown\/","title":{"rendered":"Preparing for a Slowdown &#8211; Webinar Recording"},"content":{"rendered":"\n<p>During any economic slowdown the need to preserve cash is paramount. Will you have enough cash to keep afloat if:<\/p>\n\n\n\n<ul>\n<li>The time it takes to collect accounts receivables doubles, or triples?<\/li>\n\n\n\n<li>Your net sales drop by 5%? What about 10%?<\/li>\n\n\n\n<li>Your profit margins drop 15% when you reduce the price of goods or services in order to compete?<\/li>\n\n\n\n<li>Your available credit is reduced by 50%?<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Webinar Recording<\/h3>\n\n\n\n<p>To help you answer these questions, <a href=\"https:\/\/www.ggfl.ca\/ourteam\/van-delst-anne\/\">Anne Van Delst<\/a> and <a href=\"https:\/\/www.ggfl.ca\/ourteam\/chad-saikaley\/\">Chad Saikaley<\/a> presented a webinar on November 29, 2019. During this one hour presentation, Chad and Anne run a financial stress test simulation to demonstrate how changes in different financial measures can impact your cash flow. The stress test simulation is followed by a discussion on strategies you can pursue to help minimize the impact of these changes.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><iframe src=\"https:\/\/www.youtube.com\/embed\/rLSU4xNzzx4\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Strategies to Offset the Impact of a Slowdown<\/h4>\n\n\n\n<p>When finances start to become stretched there are numerous steps you can take to improve your position. We\u2019ll cover:<\/p>\n\n\n\n<ul>\n<li>Approaches for improving your accounts receivables<\/li>\n\n\n\n<li>Working with clients and suppliers to improve cash flow<\/li>\n\n\n\n<li>Reviewing fixed costs and assessing where to make cuts<\/li>\n\n\n\n<li>Examining the cost of goods sold to identify potential areas to save<\/li>\n\n\n\n<li>Reviewing your key financial ratios and maintaining productive relationships with your lenders<\/li>\n\n\n\n<li>Seeking out alternative sources of financing<\/li>\n<\/ul>\n\n\n\n<p>Even if economic conditions remain robust, many businesses can experience their own slow down, and thriving businesses can benefit from improved financial performance after conducting a stress test.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Related Articles<\/h4>\n\n\n\n<p><a href=\"https:\/\/www.ggfl.ca\/looking-ahead-ten-tips-to-prepare-for-a-downturn\/\">Looking ahead: Ten tips to prepare for a downturn.<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ggfl.ca\/business-overhead-costs-when-and-where-to-cut\/\">Business Overhead Costs: When and Where to Cut<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ggfl.ca\/short-of-cash-8-alternative-sources-of-business-financing\/\">Short of Cash? 8 Alternative Sources of Business Financing<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ggfl.ca\/collecting-whats-owed-the-awkward-side-of-business\/\">Collecting What\u2019s Owed: The Awkward Side Of Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During any economic slowdown the need to preserve cash is paramount. Will you have enough cash to keep afloat if: Webinar Recording To help you answer these questions, Anne Van Delst and Chad Saikaley presented a webinar on November 29, 2019. During this one hour presentation, Chad and Anne run a financial stress test simulation<\/p>\n","protected":false},"author":2,"featured_media":4745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[149,150,147,148],"tags":[222,220,228],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Preparing for a Slowdown - Webinar Recording<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ggfl.ca\/slowdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Preparing for a Slowdown - Webinar Recording\" \/>\n<meta property=\"og:description\" content=\"During any economic slowdown the need to preserve cash is paramount. 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