With so many small and medium businesses being forced to look for creative new solutions to survive during the COVID-19 pandemic, leading outsourced CFO service CFO On-Call has shared some of its ‘tips from the trenches’ – real life success stories of how business owners have been responding to the crisis and, in some cases, thriving.
Many businesses have been heavily impacted by the coronavirus pandemic and are surviving through the receipt of various government subsidies. These subsidies have been a welcome lifeline, but they will be of limited duration. Now is the time to start asking yourself: What happens to your cash flow when the subsidies end?
To help you understand how to effectively manage cash flow and safeguard your business for the future, we've created a free resource 'The Best Cash Flow Stress Busters for Business Owners'.
We share four reasons why banks may not be immediately lending to businesses, based upon decades of experience dealing with thousands of small businesses.
Now, more than ever, ‘number crunching’ is a vital tool in the armoury of savvy business owners to plan their way out of a downturn to achieve a profitable future.
If you can ‘keep your cool’ when all around is panic and mayhem you could set up your business for not just survival, but greater profit and cash flow when things improve.
