Thought we’d share this fascinating piece from Entrepreneur. It’s called How to Position Your Startup to Weather the Storm.
There are some timely advice here that we thought we could all use during this bleak period. Here’s one that we thought was extremely important:
Take several measures to protect your cash. Work with your vendors and banks to stretch payment terms; speak with your finance team about pulling bank lines and exploring zero-interest credit cards; and have a contingency plan in place with triggered events based on cashflow. Beyond that, many people are working online because of shelter-in-place and remote work orders, which creates the opportunity for you to consider what you can sell to meet their needs.
This could just be the article that you needed. So, click on the link to read the rest of it…