“Proper preparation prevents poor performance” is a phrase that I heard over and over while in basic training at Fort Knox, Ky. My drill sergeants always stressed the importance of staying ready so you never need to get ready. This simple phrase got me thinking about how businesses are coping during the pandemic. More importantly, what steps are businesses taking to position for success in a post-COVID environment? I have spoken to GMs, controllers, finance directors, CFOs and CEOs about some of the steps they are taking to navigate these rocky waters. Hopefully, their insights (summarized below) will provide you with inspiration and hope as we begin the second quarter of 2021.
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