Search
 
Best Practices

A CFO’s Recession Survival Guide

Practical steps to prepare your organization for whatever economic conditions are around the corner.

By Russ Porter | August 24, 2022 at 03:42 PM

The downside of the business cycle is again rearing its head, and one doesn’t need to look far to find business media flooded with negative economic news. While it’s not inevitable, all signs point to an impending reduction in growth around the world and a likely recession in the near future. We have no way of knowing how long this economic downturn might last, or how it might affect our organizations, yet CFOs need to be preparing today for whatever we expect to come.

So, picture the CFO of a midsize company—a business too small to directly influence the market in which it operates, but large enough that a downturn in revenue would have a substantial impact on its owners, employees, and other stakeholders. That CFO is currently trying to decide whether the organization can afford to make investments to support future growth, whether the business can survive the approaching economic turbulence, and whether the company needs to act now to avert harsh impacts of a slowdown before it happens.

It helps to remember that none of these decisions is new. Many CFOs have taken on that role since the last major downturn, but anyone who has worked in finance for a couple of decades will remember the early 2000s and the 2008–2010 challenges, against which the next two years will surely be compared.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Dig Deeper

 

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.