told Business Insider that entrepreneurs' plans to re-open should have seven key elements.
If the pandemic has forced your business to find a better way of doing things, Prosen says, "those need to be documented somehow and inculcated into our business going forward so that we don't lose that knowledge."Prosen recommends a detailed cash-flow forecast of at least 12 weeks for three different scenarios: best-case, worst-case, and most-likely.
Nearly 40% of businesses in the Alignable poll expressed worry that their customers will be too afraid to return. That's why Prosen recommends having empathy about the struggle that customers are going through during this time. Alternatively, if your business has adapted well to cuts in your workforce, Prosen says now may be a moment to re-draw your org-chart to reflect the reduced headcount.Breaking even in the midst of a crisis is a tremendous accomplishment, but at some point your business will need a growth plan.
Number 1: Don't.
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