As we move into the second quarter of the year, entrepreneurs and businesses around the world are neck-deep in the COVID-19 pandemic and the economic toll that comes with it. From all corners of the world, people are staying home and brick and mortar businesses are temporarily closing, leaving business owners to press on virtually in whatever capacity they can. As business owners, we need to make sure that our businesses not only survive this temporary crisis but that they also find ways to thrive.
During times of crisis, we must focus on what we can control and this means having cash readily available. Cash flow management is essential for survival during times of crisis. It can be the difference between stabilizing your operations or lagging behind. If your business is on the verge of experiencing a serious short cash fall, these strategies are designed to help you manage your cash flow as you weather this temporary global crisis.