Ideas to Keep Cash Flowing During a Pandemic Shutdown (Online)
Developing a financial strategy is important so that you can survive the short-term cash crunch while not disadvantaging your long-term profitability. Think creatively by doing things like encouraging customers to purchase gift cards or future services from yours and other's small businesses to keep cash flowing in your local economy. Find ways to preserve on-hand cash that will be needed for the lean months in the near future and consider suspending expansion initiatives or larger investments until markets stabilize. Evaluate your inventory to determine if there are products that can be quickly turned over. In other words, business as usual will not work. Creativity and positivity will be essential elements to keep cash flowing into your business.
Speaker(s): Tonya Snider, tenBiz INC
Co-Sponsor(s): The Greater Mount Airy Chamber of Commerce, Yadkin County Chamber of Commerce, and Yadkin Valley Chamber of Commerce
This will be a live webinar presented through Webex. Meeting and access information for this webinar will be available upon registration. We highly recommend logging-in to this meeting at least ten minutes prior to the start time.
Fee: No Cost