News - Managing in Difficult Times   

Managing your business through a global economic crisis will provide hurdles and challenges for all business. In a time of unprecedented uncertainty and despair a proactive strategy should be adopted.

At McCormack Reynolds, we believe that a two pronged plan of action should be taken.

1. Consolidation Strategies:

• focus on excellence in financial management
• remember the mantra "cash is king"
• look after the key people in your business
• focus relentlessly on your key clients
• implement strategies to improve profitability
• confront the brutal facts
• eliminate waste in your business
• maintain your personal energy levels

    2.   Opportunity and Leadership Strategies

• differentiate yourself from the competition through your sustainable competitive advantage
• take the time to re- iterate your unique value proposition
• innovate ( e.g. question everything you do )
• look for opportunities ( e.g. acquisitions )
• focus on leadership and clear lines of communication within your organisation
• maintain your personal energy levels

Please take the time to read two excellent documents.

   Buy American. I Am.

   Managing in Difficult Times

If you need any assistance please do not hesitate to contact us and discuss with us how we can be " with you every step of the way "