Ideas to Keep Cash Flowing During a Pandemic Shutdown (FINANCES)
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): tenbiz, Inc. offers business services that improve efficiency, increase profitability and create value over the long term. tenBiz, Inc. develops strategy and manages projects for businesses and organizations through interactive client engagement, consultative relationships and education. Tonya Snider is the founder and CEO of tenBiz, Inc. She oversees the marketing and strategic development aspects of the firm, while also working directly with clients. She specializes in business strategy, training and project management and helps companies grow, streamline and drastically improve their bottom line. Before becoming a full-time entrepreneur, Tonya trained and consulted hundreds of businesses, was a commercial lender and developed entrepreneurship curricula and training for the public and private sectors. She has worked directly in both the non-profit and for-profit sectors and has a passion for helping people reach their goals.
Co-Sponsor(s): WBC Chamber of Commerce
Registered attendees will receive a Webex link to the session, by the email address provided by the attendee, 12-24 hours before each session.
Fee: No Cost