Have you updated your business plan, taking into account the adjustment with COVID-19?

Have you updated your business plan, taking into account the adjustment with COVID-19?

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.
Connect

Related Posts

How confident are you going forward?

How confident are you going forward?

The next 13 weeks is the vital part of coming out of Covid-19. One of the things...

Press Release: The Essential Tool For Starting and Growing A Successful Business

Press Release: The Essential Tool For Starting and Growing A Successful Business

Are you sick of blindly feeling your way through daily business life? The finances, the marketing and...

Running a business without a business plan is like rock climbing blindfolded…

Running a business without a business plan is like rock climbing blindfolded…

Your chances of making it successfully to the top are slim and the process will surely be...