Know the Cash Situation


The first order of the day is to get an understanding of the cash situation


There is no way around it. In critical times you need to rely on monthly or weekly cash forecasts.

Use an accounting software or a simple excel sheet to put it into practice. Whatever you use, it should contain enough detail to help you understand the following:

when financing is due,

when any major payments are due, and

how many months can the business continue to operate despite the crisis and with the current cost structure