by Nigel Grey, Chairman, ACTSA
As the treasurer of your organisation how confident are you about its ability to survive and thrive? And how confident are you about its ability to survive a material unexpected business disruption event? By disruption event I am referring to an event that the business had not anticipated in its normal business planning.
We have all heard the phrase ‘Cash is King’ from time to time, usually after some business has got into some form of financial trouble. But surely it does not apply to your organisation, considering your business model, market position, product offering etc. Whatever could go wrong?
Ever had those thoughts? Ever known someone with those thoughts? Ever done something proactive to prevent such an event having a disastrous impact on your business?