Ideas to Keep Cash Flowing During a Pandemic Shutdown
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.
Pre-registration is required. After registering you will be redirected to the Zoom platform where you will sign up and receive the link to the webinar. You will receive a reminder 1 day before and 1 hour prior to the start of the program. Please use the same name and email that you used to register with the SBC.
Fee: No Cost