During the last 12 months, I have met many SMEs facing severe cashflow problems due to losses and reduced revenue.My first advice is always to regularise cashflow sufficiently to cover monthly operating expenses and bank payments.
UNLIKE any other recession, the current pandemic-induced recession has caused the most pain across many industries and livelihoods of individuals all over the world.
Like all recessions, businesses have to reset their priorities and strategies going forward.
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