Your Coronavirus Business Survival & Recovery Guide - Flipbook - Page 5
Initial assessment & diagnosis:
You need to have a good handle on how
bad the damage is:
1. Carry out an initial assessment of how badly your business
has been affected and make a written note of the key
points. For some that will be total loss of turnover, for others
it will be a loss of a percentage of your business.
3. Determine what Government initiatives will be of use to you
and start to tap into them. These schemes are all pretty well
known now as detailed in our fact sheets (availabe on our
2. Ensure that your current financials are up to date so that
you know what your balance sheet looks like. It is essential
that you know your numbers as Banks will expect this.
4. Cash is king during this period.