An often-overlooked business planning activity is managing your current cash. During a crisis such as the COVID 19 pandemic and quarantine this becomes an essential factor for success. As Federal Reserve Chair Jerome Powell said recently, liquidity problems can turn into solvency problems. These recommendations are intended to empower you with information for making good decisions.
We’re all in this…well, not actually together, but we are all experiencing the same disruption of our usual schedules, isolated at home, additional responsibilities of not just our job, but possibly also home schooling, keeping up with the current government restrictions, one way aisles at the grocery and the list goes on and on.