In short
Follow this advice and repay your pandemic debts as quickly as possible:
- Take a step back so you can move forward: Prepare a sound financial plan. Take a health check of your business and assess its vulnerabilities.
- Review your budget for the next two to three years. The objective is to identify the key issues and possible solutions.
- Avoid a cash shortage: Cash will help you get through tough times.
- List your debts: This will provide you with an overview of you financial obligations.
- Prepare a repayment plan of your debts and assistance received during COVID. Try to negotiate with lenders and see if they can help.
- Get information about post-pandemic assistance programs.
- Consult a turnaround professional who can help you find solutions. The first consultation is free!