Manickavel Muthusamy, CEO and co-founder of Expert Solution Technologies Canada, provides guidelines that could help you to overcome your front lines of the impact.
After re-working your budgets and determining the current financial health of your business, you must act. The first step to improving cash flow is to prepare a cash flow forecast and update that forecast throughout the crisis on a weekly basis.
The following tips to improve your cash flow may appear unconventional and some of them we would not fit for your business or be recommended in a normal situation. This is just a possible guideline summarised for you to act upon, based on your line of business.