Adaptation – Scenario Planning to Better Adapt to a Changing Environment

If you have a record of your financial results, even if they’re not perfect, you have the basis for evaluating what worked, what didn’t, and what changes will help you increase you profits. Even if your short-term goal in 2020 was just to survive, your financial results form the basis for understanding your options for the upcoming year and beyond.

You will come out of this session understanding:

• the difference between sunk costs and incremental costs, and how that impacts decision making.
• how to calculate your breakeven point and how that impacts profitability.
• how to evaluate new business opportunities that could increase profitability, and how to incorporate risk into decision making.
• key information needed to evaluate your business moving forward.