Monthly Archives: March 2020


Modifying Your Business Operations During a Crisis


by on Mar 25, 2020 10:13 AM

Modifying Your Business Operations During a Crisis

Let’s talk about how are you are modifying your business operations during the COVID-19 crisis. What a difference just a few short weeks can make. Prior to January 2020, when completing strategic plans with our clients, no one could have imagined including a global pandemic crisis as part of a SWOT analysis. However, this is what we face as a nation and now is the time to adjust appropriately. Business owners, including me, all need a plan to minimize disruption and keep our organizations moving forward.

The legal professionals at Norris McLaughlin P.A. created a useful and practical tool, a sample emergency crisis response checklist that may be used as a template for your organization. The checklist includes considerations from five critical business areas:

  1. Employee & Staffing
  2. Business Operations
  3. Financial & Accounting
  4. Customers
  5. Supply Chain

While some of their points may be in hindsight, this checklist highlights gaps for future crises and areas that we can begin to deal with NOW so we are proactively prepared for future challenges.

I hope that you can take this information and successfully apply it to your business. If Trilogy can provide guidance as you navigate these unchartered waters or if you need a resource for legal counsel, contact me at hlevenson@gettrilogypartners.com or at 609-688-0428 x12.

We can get through this together.

To read Norris McLaughlin’s Checklist for Adapting Business Operations Due to Coronavirus, click HERE.

 


About Hal Levenson

Hal Levenson is the Founder and Chief Visionary Officer at Trilogy Partners. Trilogy Partners is an advisory & implementation firm whose mission is to help companies grow and transform.  We accomplish this by focusing on 3 critical business areas: Financial, Strategy & People.

How to React During a Business Crisis


by on Mar 18, 2020 11:59 AM

How to React During a Business Crisis

Let’s explore how to react during a business crisis. Irony can be a funny thing. I was prepared to publish a blog this week on Selective Exposure and how it relates to business consulting. With the Coronavirus front of mind, it dawned on me that my blog may be taken out of context for those who are unfamiliar with the term and definition so instead, I’ve chosen to go down a different path to convey a message about something I call Selective Reactions. (For those in the world of chemistry, it’s not what you think.)

These are strange times, indeed. In a matter of days, our lives have shifted and I’m sure you’ve received countless emails, articles and postings on how to handle it all. As a result of the health crisis, businesses are being asked to close, industries are weakening, and the stock market is plummeting. If there was ever the time to panic, some would say, it is now.

It’s OK to React During a Business Crisis

I’m not going to lecture anyone and say, “Don’t Panic” for that would be dismissive of the stress that is palpable within each of us. What I will say is that we can selectively react to the pressure we are under. In other words, we can choose to take what we’re feeling and become angry, scared, dismissive, calm, contrary, opportunistic, curious, overwhelmed, focused, reflective, FILL IN THE BLANK, etc. It may not appear like we currently have much authority in our lives, but we always have control over our reactions to the circumstances we face. Just as important, our reactions have a direct correlation over the action or inaction steps we take.

If you’re a business owner braving tough times right now, I urge you to be aware of your state of mind and take a moment to select how you wish to counter. It’s natural to have a flux of emotions but what you do with them can make all the difference for you, your company and team.

If you need a sounding board, Trilogy Partners is here to help. Contact us anytime or call us at 609-688-0428.


About Andrea Grubb

Andrea Grubb is the Chief Integrator Officer at Trilogy Partners. Trilogy Partners is an advisory & implementation firm whose mission is to help companies grow and transform.  We accomplish this by focusing on 3 critical business areas: Financial, Strategy & People

Outsourced Bookkeeping – Taking the Plunge


by on Mar 5, 2020 1:19 PM

Outsourced Bookkeeping

I’m often asked by my clients when they should take the plunge and outsource their bookkeeping. Since Outsourced Bookkeeping is a service Trilogy Partners offers, my answer sometimes surprises them. I tell them to do it only when it feels right.

There are many advantages to outsourcing bookkeeping such as lowered costs, time savings, maintaining privacy, no training required, better financial reporting, etc. Finding a company that does bookkeeping with controller oversight also provides peace of mind that higher level tasks such tax and audit preparation are done accurately and expeditiously.

There are perceived disadvantages too. With good reason, business owners may not want to let a trusted bookkeeping employee go if the role is made redundant. Also, most outsourced bookkeepers are virtual which obviously means no on-site presence. This may seem unattractive to business owners who are accustomed to getting information from their team instantly. Finally, different technology may be required to go virtual which may itself lead to a whole set of new issues.

So, is outsourcing bookkeeping worth taking the plunge?

First, think about these questions:

1. How much time for bookkeeping is really required for my business?

2. Am I willing to automate some of the processes which means letting go and trusting technology and an outside source?

3. What do I want to keep in house? Why?

Once you’ve answered these questions, feel free to contact Trilogy Partners. We’ll help you assess what the right decision is for you and your company.


About Hal Levenson

Hal Levenson is the Founder and Chief Visionary Officer at Trilogy Partners. Trilogy Partners is an advisory & implementation firm whose mission is to help companies grow and transform.  We accomplish this by focusing on 3 critical business areas: Financial, Strategy & People.