As Finance leaders, we're all eyeing the 2024 landscape with cautious optimism, especially regarding interest rates and inflation. I'm interested to know, how are you incorporating these factors into your strategic resolutions for the new year?

There is a good possibility of inflation and interest rates going down if not up. Cash will be remain the king for quite sometime and the companies needs to tight control on expanding and avoid taking any new loans.

Cash continues to be king in 2024. Early start of negotiations on loan renewals and other financing options. On revenue, I am looking at possible new streams and at pricing of current products/services. On the expense side, I am closely monitoring CapEx, renewal of SaaS subscriptions and maintenance contracts, as well as personnel expansion. Overall, be flexible and ready to pivot as needed.

Whether debts, input cost contracts and payroll have interest/inflation pressure or not, make sure that revenues, assets and investments are handled accordingly.  Always make plans, start conversations, set pricing and use relationships for expectation management early and leave flexibility in operating, liquidity and capital structures to navigate a range of sensitivities from pessimistic to realistic to optimistic.