Have you updated your business plan, taking into account the adjustment with COVID-19? While you might have had sales at 100% of anticipation, now you might be putting a Risk component into it. So what happens if we only do 50% of sales? Or 70%? What’s that going to do to 1) profitability 2) liquidity?
Think about:
- Where are you now?
- How has Covid-19 adjusted the plan you had, and where you expected to be in the next 3-6 months?
- If Covid-19 has adjusted your current position, and forecasted path, where do you want to be at a future date?
- How will you get there?
Check out our article on Business Plans to help you get started.
