Reorganization and Restructuring Options for Professional Practices In previous weeks, we’ve written about a new business recovery tool, SBRA, Subchapter V of Chapter 11. We have explored reorganization and restructuring scenarios that some businesses are facing as a result of COVID-19. Perhaps you see yourself in one of our examples and can visualize how using …
27
Aug
Aug
SBRA Subchapter V – A Viable Option for Business Recovery In our previous post on Business Recovery and the SBRA, we wrote about the difficult choices businesses are making as they seek to remain solvent, retain control of their business, and chart a viable course for the future. Much of the difficulty in these choices …
13
Aug
Aug
Key Business Recovery Considerations and the SBRA The financial impacts of COVID-19 have forced companies of all sizes to make incredibly difficult choices. This includes companies that have historically been quite successful and, by all accounts, were in solid shape coming into the crisis. Arguably the most difficult choices many are facing is how to …
06
Aug
Aug
Employee Engagement in a Work-from-Home Environment – 3 Key Steps As struggles persist in navigating COVID-19, many companies are wavering on plans to return workforces to their places of business. For some, transition to long-term, work-from-home operations may be smooth sailing. For others, especially those who have historically relied heavily on an “in-office” presence to …
24
Jul
Jul
Time to Consider the Second Gift from The CARES Act The PPP program has been the star of the show for the business community in recent months, and for good reason. It is an amazing program that made a significant difference for many small businesses and their employees. It was not, however, enough to overcome …
10
Jul
Jul
We are at a moment in time that economists, historians, journalists, psychologists, the medical profession, and politicians will be writing about and discussing for decades to come. The sudden and precipitous economic collapse was not caused by a supply and demand imbalance or financial deleveraging as in previous recessions but by an epidemic quickly turned …
21
May
May
Strategic Planning is Imperative to Managing through COVID-19 COVID-19 and the draconian, oftentimes bungled measures taken to mitigate its impact have brought unprecedented challenges to businesses; challenges that they hopefully will never have to face again. While the PPP and Main Street Lending Program have been a lifeline for many, more recent legislative advances signal …
18
May
May
This post was co-authored by Teresa Foltz and Christine Roach, Senior HR Consultants for vcfo. In January, the virus that was then impacting China was barely on individuals’ radars in the US. As we too became engulfed by its impact, a massive mobilization ensued across all aspects of society. Businesses were forced to make quick …
08
May
May
In coping with the impact of COVID-19, business owners have had to make incredibly tough decisions– perhaps none more so than when they’ve had to furlough or lay off employees. Now, as some businesses begin to stabilize and widen their eyes to the longer term, new anxieties are creeping in. For many, this includes wondering …
21
Apr
Apr
The impact of digital transformation on business processes, cultures, and customer experiences is compelling large organizations to have Learning and Development teams rev up their development engines with increased training budgets and online learning investments. Small and mid-sized businesses that may not have dedicated learning and development resources are also feeling the pinch. For them, …