Members of Forbes Finance Council share strategies to help businesses quickly adapt in times of economic uncertainty. Focus on strategic financial planning. Strategic financial planning that includes forecasting and financial modeling is the key to being prepared and able to adjust to different scenarios. Small businesses often focus on operational finance and omit strategic financial planning due to a lack of capacity and resources. - Ngu Castro, Sustainable NorthwestForbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms.

Source: Forbes August 24, 2020 17:03 UTC