Crisis management for family businesses: How to master the challenges!

Crisis management for family businesses: How to master the challenges!

Olpe, Deutschland - The challenges for family businesses in the current economic situation are enormous. According to Paul Imhäuser, an experienced coach from Olpe, the crisis is not just a felt, but a tangible reality that affects many companies. In his opinion, some companies experience sales of over 25 percent, while others can even benefit from the situation. The key to survival in these difficult times seems to be a proactive approach that requires both good preparation and an effective key figure system in order to be able to react flexibly to changes. Information from the Westfalenpost underpin this perspective.

tips for an emergency

Imhäuser and his partner Dagmar Langenhan emphasize the importance of an individual key figure system, which enables managing directors to react early to changes. In their conversations with companies, they often notice that 70 to 80 percent of the companies have not implemented such a system. It is important to know the actual state of the company carefully in order to be able to initiate countermeasures in good time. Openness to employees and customers is also crucial to avoid ambiguities and rumors. In this way, managing directors could maintain the motivation of their workforce even in times of crisis and develop solutions together.

What many do not know: a crisis can also be understood as an opportunity. Imhäuser encourages entrepreneurs to critically look at the product range and find out which products are actually profitable. This is hand in hand with the strategic realignment of sales in order to be able to act successfully even in difficult times. In addition, IMHäuser delivers strategies, such as the anti -cyclical investment during a crisis, which can lead to stability and a competitive advantage. Further details and insights into successful strategies for company managers can be found on imhäuser strategies