Recovery Plan P4 – If cash is tight in this lockdown
If cash is tight in this lockdown
If cash is tight in this lockdown
Last updated: 25 September 2020
Business Owner Update 22nd May
Recovery Plan P4
If cash is tight in this lockdown, bounce up and down, you know,...
... we're opening up with locking down we're slightly opened me up a slightly looking down...
with all of this type of stuff is very unpredictable, can cause a lot of uncertainty.
And if your cash flows is feeling the impact of it, then this is for you.
My name's Gordon D'Silva
And I built a little model recently, which I'm rolling out to my clients and rolling out to the business community at large, because our want the business community to, to weather this storm.
It is a big storm and it's going to affect the whole country in some way, because we've spent so much money in support for our current situation.
So. Today, I want to talk about cash flow.
If cashflow has been hit, we need to feel with managing our cash flow.
We need to feel it's being managed rather than just ebbing through our fingers like sand.
Right.?
And the first tip I have for you today is to stop waste.
In every business there is an element of waste.
Now, sometimes it could be waste like I had.
Where we had multiple subscriptions for a product.
We're hoping that I would grow into them, but you know, now growth is not top most on my mind...
It's really, you know, making sure that we don't waste any money in the current situation.
So I've canceled some of those subscriptions.
It may be that you've got costs that you don't have to incur.
Now, you don't want to have, you don't reduce costs that are going to affect your customer service or your customer delivery or your customer care, or in fact, your customer acquisition. .
So the types of costs you can, reduce are probably going to be limited, but, you be careful when you limit, when you reduce costs, because typically you, limit the ability of your business to move forward.
So that's my first step.
Hopefully it was useful.
Don't forget, comment, share, like, .
Get it out there, follow, do whatever you need to do...
And there's some more tips coming up. I've got another one coming up to your own cash flow in a moment.
Ask for help if you need it
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