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Financial planning

Overview
 

Setting the scene

This is going to be hard. You have identified which roles need to be restructured and which need to be cut. You get a picture of what your team is going to look like for the road ahead. You also start to understand who will not be part of that team going forward. What you don't know yet, is what is going to happen to your people during and after the transition. How will they be able to handle the anxiety and mental stress that comes with this process?

Hopefully, your company's culture can help you get through this. Sometime it is hard to see why culture is so important and what your company's culture actually is. For many entrepreneurs managing their culture during this time will be difficult. They will struggle between empathy for their team and people and between steeling themselves to get through this. But getting this wrong may have long lasting effects on your culture and business. Create a disconnect between your values and what you say vs. what you actually do, erodes trust and credibility.

Hence start with your culture and build you communication around it. This model teaches you the what and the how: What are the key elements that determine your culture? What do you need to do as a leader to help your people through this crisis? How do you build a communication plan? This process is supported by useful guidance and tools for managing communication, your team and yourself.