This on-demand self-study course addresses practical tips to help you, your clients and your organization to get through and manage a cash crisis. It is based upon the popular live webcast "Practical Tips to Get Through a Cash Crisis," originally broadcast in May 2020. During the course, you will receive practical advice and ideas to help manage issues brought on by the pandemic.
Learning Objectives
• Identify useful tips for businesses facing a cash crisis
• Identify the attitude required
• Determine how to negotiate with suppliers
• Choose strategies to talk to your employees and cut payroll costs
• Recognize how to deal with your bank in the crisis
• Choose alternative financing options
• Select cost-cutting ideas
• Choose an ethical approach in a cash flow crisis
• Show how to get outside the box for solutions
• Choose stress reduction approaches
Major Topics
• Negotiating with suppliers
• How to talk to your employees and cut payroll costs
• Your bank and the crisis
• Alternative financing options
• Key advantages and watch-outs on some government programs that help
• Cost-cutting ideas
• Ethics in a cash flow crisis
• Tricky situations that arise
• Getting outside the box for solutions
