Learning every day how to efficiently work remotely. Ups and downs.
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Self-reflection is even more critical during a crisis. Even in easy times, we have a tendency to want to move quickly, lest all of our decisions and responsibilities start to pile up.
In a crisis, this tendency gets much worse. But this confuses activity with productivity. It is far better to do less, but to be intentional and strategic about how those things are done—especially when time is tight and the stakes are high.
Cash is the true sign of the health of a business.
When whole industries ground to a halt last year, survival depended on how long companies could survive on the money they had stashed away. It is crucial to have enough money to survive at least three months with no income, but six to 12 months would be better. This goal should be prioritized and tracked quarterly, along with sales and profits.
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