Businesses suffering usually effects investors more than employees. This is different.
It all has to do with how much cash you have to weather the storm. My firms investors wanted us to be cash efficient. Meaning we don’t have much of a safety net. This is the PE mindset IMO. As CFO one may think this is my decision, but really I advise to risk and the board ultimately decides.
Bigger companies who have hoarded cash since 2008 or before will survive but still lean down.
It’s possible banks will help companies like mine stay afloat. We have relationships in place and plan to pursue capital. Not sure how that will play out.
It all has to do with how much cash you have to weather the storm. My firms investors wanted us to be cash efficient. Meaning we don’t have much of a safety net. This is the PE mindset IMO. As CFO one may think this is my decision, but really I advise to risk and the board ultimately decides.
Bigger companies who have hoarded cash since 2008 or before will survive but still lean down.
It’s possible banks will help companies like mine stay afloat. We have relationships in place and plan to pursue capital. Not sure how that will play out.