SVB Collapse: A Crisis Management Framework

While federal intervention seems to have averted the worst-case scenario for Silicon Valley Bank depositors, investors have been hit hard and the economy at large will certainly see longer-term implications.

Whether or not your company was directly impacted, the SVB collapse serves to remind all business leaders that they need to be able to handle crises effectively. When facing dire challenges in the consulting companies that I built and ran, I have found it helpful to apply the following 5-A framework:

  • ASSEMBLE a cross-functional crisis management team
  • ASSESS impacts and available resources
  • ACKNOWLEDGE that it won’t be business as usual, and identify the meaningful steps that you can take
  • ACT quickly to preserve cash flow and business continuity
  • ANNOUNCE your response internally, externally, and frequently

Regardless of how the current crisis plays out, it won’t be the last one we see, and it highlights the importance of preparedness for businesses of all sizes to confront emergency situations. Watch the video to learn more about the 5-A framework.

Feras Alhlou

Feras Alhlou

Feras has founded, grown, and sold businesses in Silicon Valley and abroad, scaling them from zero revenue to 7 and 8 figures. In 2019, he sold e-Nor, a digital marketing consulting company, to dentsu (a top-5 global media company). Feras has served as an advisor to 150+ other new startup businesses, and in his current venture, Start Up With Feras, he's on a mission to help entrepreneurs in the consulting and services space start and grow their businesses smarter and stronger.

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