Came across this interesting this article from Entrepreneur Magazine and immediately thought it was worth sharing. It’s titled, Seven Tips to Improve Working Capital For Your Business Through the COVID-19 Crisis.
In it, Hussein Safa of the BMB Group shares some valuable insights. Here’s a short snippet:
Consider customers and suppliers Monitor the financial health of customers and suppliers. Work with customers to set a good incentive for payments. Prepare a set of payment priorities to suppliers, so that your operation will not be affected, and focus on settling all the important payment to suppliers that you may need currently.Hussein Safa
The rest of the article gets even more in-depth. So, if you want to read more of it, just click on this link to entrepreneur.com