This report by the IMA® (Institute of Management Accountants) Small Business Committee shares professional insight to help small businesses respond to the coronavirus emergency.
With an emphasis on cash flows considerations, the report provides guidance on how small businesses can apply a three-step assess-build-communicate (ABC) recovery planning framework which includes:
A: Assess the current situation, preferably with a team of experts
B: Build a plan by brainstorming with your team of experts (and an alternative plan B if resources are available)
C: Communicate calmly, clearly and continuously
While not all inclusive, this report can provide focus and resource information during this time of crisis.