Quarantine Business Survival Pointers

https://youtu.be/S8dBCiF9ID8

In the above linked video, Alex reviews a few generic principal which may be useful to managing your business through a quarantine or shutdown.

Many businesses are seeing sharply decreased demand for their products and services. This decrease would imply a sharp decrease for incoming cash flow, too. If your business runs out of cash and you can't make your payments to vendors, the bank, landlords, etcetera, then your business will likely go under. You may consider liquidating as much of your inventory as you can to bring down levels to a place more suitable for covering the lower demand levels. You may wait longer to re-order inventory and/or you may also re-order less inventory. Similarly, it may not be worth activating as much capacity in whatever form your systems and processes take. The idea is that you don't want too much money trapped inside the system when you may need it for something else. These suggestions are all very generic and if you have more specific questions, please feel free to reach out to Alex.

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