Managing in these unprecedented times using 3 C's
Posted on July 19, 2020 by Joseph Sudhip, One of Thousands of Business Coaches on Noomii.
Cash is going to be key to sustain during these uncertainties. Proactive measures are
a) Cash containment b) Cash generation c) Cash infusion.
I was thinking about you, it might be challenging in the coming days, but wanted to remind you that you will get through this, you always did.
Never give up, don’t give into worry, it’s not your friend, don’t let go off your dreams. I am here to help, if there is anything I can do, please reach out to me.
5 action items for this season -
Cash is going to be key to sustain during these uncertainties. Proactive measures are
a) Cash containment b) Cash generation c) Cash infusion.
Follow below steps to manage the show -
1) Please take a look at your clients and their businesses. Each client will be affected in a different way.
2) Please review your current sales, revenue and in-coming cash forecast for the fiscal year based on worst case, best case and most likely case scenario.
3) Please update your potential cash containment options for the worst case, best case and most likely case scenario.
4) Please note all assumptions on for all 3 scenarios.
5)Please update your potential cash injection options.
Hope this helps.
