Business Impact of COVID-19: How to Update Your Annual Plans Now

Scenario-based crisis modeling to prepare for the challenging year ahead.

Due to the Coronavirus pandemic, most businesses will be negatively impacted and will have to re-evaluate revenue streams and tighten expenses.

This is true whether you are a bootstrapped or self-funded small- to medium-sized business or a venture-funded startup. Business owners and leaders cannot wait to have all the right answers before figuring out their next steps.

This is where advance planning comes in handy through:

1. Scenario-based business modeling,

2. Revised sales forecasts,

3. Salary cost management,

4. Reduced infrastructure spend, and

5. Optimized marketing expenses.

I am a growth advisor to several clients. About a month ago, my clients and I began revising our plans to prepare for the challenging road ahead. As a small business owner myself, I’m ready with a revised scenario-based 2-year model for my own company.

Read my detailed insights and advice on updating your business plan now to prepare for the impact of the COVID-19 crisis.