2 minute read
Your Checklist for Rebounding in a Post-COVID World
Budget Discipline
£ Do you have a monthly budget plan that you stick to?
£ Do you review and modify your budget plan,understanding budgets are living things that need to adapt to your circumstances?
£ Do you utilize an accountant or an accounting software package where you can leverage a cash flow model?
Keep Plenty of Reserves
£ Do you have 6 months or more of reserves to support normal business operations in case of emergency?
£ Have you worked with a lender to select the best account type for your particular reserve needs?
£ Aside from your reserves for emergency times, do you have savings to be able to expand, buy new equipment or move into different real estate?
Embrace the Digital World
£ Can your customers find you online?
£ Do you have a user-friendly and engaging website?
£ Do you have social media pages on more than one platform?
£ If appropriate for your business, can your customers reach you digitally by email or website messaging?
£ If you are an appointment- or reservation-based business, can your customers book or reserve time online?
£ Do you reach out digitally to your customers?E-newsletters? Email loyalty promotions or coupons?
£ If you have merchandise to sell, is your merchandise available to order or shop for online?