How to Prepare, Survive and Thrive?

Update your cash flow forecast and budget out ongoing operational cost

Got a cash flow forecast and a budget? This is the perfect time to review it! By calculating your ‘fixed operational expenses’ , revised sales estimates and wages, you can adjust your
workforce and reserve requirements accordingly.
 
This will allow us to take the necessary action to ensure we are protected, and also start taking some action to ensure we are.
 
Once the situation gets better, we will be able to revise our cash flow forecast and budget, and start taking some growth measures accordingly.
 
This will allow us to take the necessary action to ensure we are protected, and also start taking some action to ensure we are.”
Photo by Li Yang on Unsplash
Managing staff expectations, working hours and the workplace environment
It is incredibly important to be open with your team members about what is happening, and ensure open lines of communication.
 
Review your current rostered hours for your team members, and take necessary action accordingly. If your team members will be working during this time, remember to practice updated OH&S guidelines for safety purposes.