COVID-19: Business planning tools for entrepreneurs
The COVID-19 global pandemic has triggered widespread disruption to how businesses operate, requiring many entrepreneurs to pivot and adapt quickly. A crisis is a good time to re-examine all elements of your business plan. Identifying the critical functions and people within your business tells you what to protect and also highlights opportunities to grow and innovate.
These planning tools and tips can help you map out your next steps, identify new opportunities, mitigate risk and create resilience in your company, so you can emerge strong in recovery.
First steps in crisis management
Put people first and make rational decisions
Business and risk assessment
Identify key business functions and map risk
Create an action plan for your business and employees
Forecast cash flow and burn rate
Reach out in a timely, relevant manner
Sales and marketing plan
Map scenarios and test new ways to engage customers