Cash Flow, Burn Rate & Resiliency
Do you have a clear understanding of your finances? How often are you checking your P&L? What is your cash burn rate? Start with the following to check the temperature of your finances:
- Complete the Business Resiliency worksheet to determine the sustainability of your business.
- Fill out the cash inflow and outflow worksheet to figure out if you can afford to provide customer incentives.
- Research how others have pivoted and provided new product and service offerings in times of crisis.