How do you plan for the future in this uncertain climate, with no end to our collective troubles in sight? What can you count on? There are some steps you can take to protect your business now and in the future.Most business owners are wondering when things will return to normal or where their next major revenue opportunity will come from.
Either way, cut expenses where you can, on things like nonessential technology, employee perks, or even your office lease, if possible. We all want to avoid layoffs during a pandemic so if you have to cut employee hours to ensure you stay in business, that's preferable. For many businesses, forecasting revenues even one month into the future is difficult, let alone doing it for six months to a year out. Right now, it's next to impossible to do it with confidence.
Your most likely scenario is, of course, difficult to accurately create right now, so take an informed guess based on the various drivers of your business and the numbers you've seen over the past four months.Once you have your forecasted scenarios, take a look at the cash forecast for the business based on each scenario. Knowing how much cash you'll have on hand should each scenario play out will help you plan for necessary changes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Source: BusinessInsider - 🏆 729. / 51 Read more »
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of July 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How the Fed may become insolvent and worsen future crises: Wells Fargo - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. será que começou? I like the words Fed and insolvent in the same sentence Wells Fargo? That bastion of honesty and fair dealing? That Wells Fargo?
Source: BusinessInsider - 🏆 729. / 51 Read more »
China calls Trump's proposed Microsoft-TikTok cut state-sanctioned robbery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Sounds like a dangerous precedent that could later go on to affect American companies. I agree with China, it's a shakedown. Trump threatened to kill TikTok, now that they will be spared he wants his protection money He needs to worry about the economy and the unemployed. That should be his number one concern during this pandemic....... not TikTok....... unreal.
Source: BusinessInsider - 🏆 729. / 51 Read more »