"SOME IDEAS - STEPS TO SURVIVING IN BUSINESS - FOR THE NEXT 6 MONTHS"

"Address The Immediate Challenges Facing Your Workplace & Customers"

? Align senior team members (priorities: safety and cash conservation), avoid inaction

? Promote remote working and implement collaboration tools

 ? Over-communicate with full transparency

 ? Empower the team

"Plan For Revenue Disruption"

 ? Ensure security of supply chains

 ? Plan for multiple quarters of lower revenue

 ? Conduct 3-6-month scenario planning (model revenue-decline and stress-test P&L scenarios)

 ? Build specific revenue-mitigation actions for declines in core revenue streams

"Prioritise - Support Clients & Customers Alike"

 ? Adapt resources to meet customer needs

 ? Evaluate opportunities to ensure stronger linkages with key customers

 ? Build trust and loyalty

 ? Monitor marketing, sales and pricing implications.

"Increase - Accelerate Monies You Are Receiving"

 ? Collection of debts (receivables)

 ? Government grants

 ? New bank loans

 ? Business continuity or interruption insurance

"Reduce The Monies You Are Spending"

 ? Payroll reductions (leave without pay, options instead of cash, part-time)

 ? Rent payments and landlord negotiation (rent reductions, deferrals, cancellations)

 ? Debt repayments under existing loans and bank negotiation (interest/principal)

 ? Contracts with suppliers

"Develop a Plan To Return Your Business to The (New) Mainstream"

 ? Protect employees as they return to the workplace

 ? When customer demand returns, it may be for different goods and services (especially digital)

 ? Prepare for bounce-back and recovery ? Assess marketing spending, leverage macro trends

E&OE