Stress Testing the Numbers

<p>The construct of stress-testing originated in the 1990’s, implemented by financial institutions as a way of determining their ability to respond to market events. Given our road to recovery is likely a rocky one, Gab Lab Hast was eager to talk with Neil Jones, Senior Vice President of Financial Recovery Services, BDO, to uncover the process he uses to financially stress-test a business, and the steps he recommends we take to mitigate our risk in the weeks and months to come. </p><p><strong>PART 1 // SCENARIO ANALYSIS </strong><br>If Covid taught us anything, it’s to expect the unexpected. What if… you lost a key customer, supplier or employee? What if a lender called their loan? What if you had to adjust your price? In this segment, Neil walks us through tools and techniques that help turn uncertainly into preparedness.</p><p><strong>PART 2 // CALCULATING KEY RATIOS </strong><br>Ratios are all the rage, especially amongst lenders and analysist. They’re quick calculations that speak volumes when it comes to determining the overall health of a business. Tune in to uncover which ratios Neil considers vital and the benchmarks we should strive to hit. And hey, if you need a good laugh, you’ll howl when he shares with us the common techniques we Founders use to hide from the ugly truth of our numbers.</p><p><strong>PART 3 // REINVENTION AND REACHING OUT</strong><br>It’s never too early to reach out. If the numbers aren’t adding up, the sooner you ask for help, the more options you have. In this segment, Neil helps us catch our breath, take a pause and review the choices available to us. Change is inevitable. It’s how we deal with it that counts.  </p><p><strong>DOWNLOAD THE FREE PLAYBOOK AND WORKSHEETS @ </strong><a href="https://www.nailthenumbers.com/gablab%E2%80%8B%20"><strong>THE GAB LAB VAULT</strong></a><strong> </strong></p><p><strong>CONNECT //</strong> <br>Nail the Numbers // <a href="http://www.nailthenumbers.com">www.nailthenumbers.com</a></p><p>The Gab Lab // <a href="http://www.nailthenumbers.c