While COVID-19 wreaks havoc today, Coolidge Strategic | Advisory Services (/strategic-advisory/) is thinking about your future and what you can do to protect it. In these situations, it is critical that businesses approach the dynamic environment like they were in a turn-around: Assess, Plan, Manage Cash, Communicate, Execute and Review. For an overview see: COVID-19: Urgent Two-Step Planning.pdf or contact us to discuss the planning process and tools for cash flow management and contingency planning in a difficult environment.
For additional helpful information take a look these links: Projecting Cashflow in Distressed Situations (Stout.com); Reassessing Cashflow in Light of COVID-19 (CFGI.com); and What Every Company Must Do ASAP (Chief Executive)
All businesses will face difficult decisions over the next few months at least. A disciplined approach and planning will provide the foundation for those decisions.
Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail.