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Crisis as a catalyst... for success

Bron: Accountancy World - 23 maart 2020

We need to be realistic: we might soon be on the verge of one of the world’s biggest economic recessions. The impact of a recession can be long and harsh, returning ultimately to economic growth but not necessarily a full recovery of the pre-recession economy. In other words: people, companies and organisations affected by a recession can often continue to struggle long after economists have declared a recovery. 

While it can be difficult for businesses to keep a clear head in the eye of the storm, there’s no better time to learn from past mistakes as well as successes. Time to transform these learnings into opportunities. As the great man Mandela once said: ‘It’s only impossible until it’s done’. The best way to deal with a problem is to face it and solve it (or to die trying). Now is the time to take essential steps to protect your business from potential recession.

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