Many businesses, not-for-profit organizations and households live week-to-week or month-to-month on cash flow. As long as it is "business as usual" with invoices being paid, donations being given and paychecks being deposited, all goes smoothly. But, in this uncertain time where nearly every aspect of our culture is upended, it is anything but "business as usual." Many of us will need to be creative in terms of managing our cash.
One of the very first things leaders need to do and need to continue doing on a regular basis throughout this pandemic is re-forecast their budget for this period of time. Unfortunately, the timeline belongs to the virus and is not something any of us can directly control. So, this becomes a critically important time for scenario planning.
As with my other posts in this series, "Resources for Leaders in Times of Crisis," here are some links to excellent articles, blog posts and other resources related to managing your cash flow during these challenging times. If you know of other resources to share with me, I'd be delighted to hear from you!
Beth A. Lewis
© Getting2Transformation 2020
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