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A recent article by RevCycle Intelligence states that 80% of CFOs believe that business revenues have or will decline due to COVID in 2020 and beyond.
Challenging financial times can cause a business to pivot and realign spending priorities and profit margin. It takes ingenuity to flex a business to be profitable in challenging times.
Profit margin is not the only margin to be mindful of in difficult seasons such as these. Leviticus 19:10 reminds us, “And you shall not strip your vineyard bare, neither shall you gather the fallen grapes of your vineyard. You shall leave them for the poor and for the sojourner: I am the Lord your God.”
Pivoting to increase margins should consider sharing that margin with employees and then watching as God blesses your generosity.
Today’s Integrity Moment is adapted with permission from the writings of author and business coach, Stephanie Winslow.
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