Few businesses have sufficient cash reserves to be able to survive an extended period during which their cashflows are disrupted. Businesses that are currently struggling for profitability - those with low cash reserves or unstable cashflows - are particularly vulnerable. However, even businesses that appear to be in good financial shape may not be immune, depending on how the situation progresses, and how long it takes for demand and supply chains to return to normal.
Below is a link to our magazine Prosper, where you can find the full article, with some practical tips and advice along with a checklist of key management practices you should be addressing to help you ensure your business is in the best position to weather the storm.
Find the full article here.
