{"id":557,"date":"2020-03-19T13:14:33","date_gmt":"2020-03-19T13:14:33","guid":{"rendered":"https:\/\/examinership.com.cy\/2020\/03\/19\/business-planning-to-confront-the-impact-of-covid-19\/"},"modified":"2020-03-19T13:14:33","modified_gmt":"2020-03-19T13:14:33","slug":"business-planning-to-confront-the-impact-of-covid-19","status":"publish","type":"post","link":"https:\/\/examinership.com.cy\/el\/2020\/03\/19\/business-planning-to-confront-the-impact-of-covid-19\/","title":{"rendered":"Business planning to confront the impact of COVID-19"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Neil Hughes sets important steps that a businesses can do to navigate the challenges ahead, ensuring that they mitigate the negative impact of coronavirus on their operations<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Obtain professional Advice<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Recast their Budget for 2020<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Observe and control their Cashflow<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Construct a worst case scenario business model ( 100 days of business inactivity) considering:<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Creditors<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Staff<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Understand the position of the company and what is required to breakeven<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Understand the numbers\/ budgets \/ operations of their business<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Some of the businesses were in a very good shape coming into the crisis and acted very quickly but there are several businesses were vulnerable coming into the crisis and they are the most who are going to struggle the most and they are the ones who may require a scheme with their creditors and need the protection of an Examiner.\u00a0\u00a0<\/span><\/p>\n<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-557-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/examinership.com.cy\/wp-content\/uploads\/2020\/06\/Newstalk-Neil-Hughes-19-03-2020.mp3?_=1\" \/><a href=\"https:\/\/examinership.com.cy\/wp-content\/uploads\/2020\/06\/Newstalk-Neil-Hughes-19-03-2020.mp3\">https:\/\/examinership.com.cy\/wp-content\/uploads\/2020\/06\/Newstalk-Neil-Hughes-19-03-2020.mp3<\/a><\/audio>\n","protected":false},"excerpt":{"rendered":"<p>Neil Hughes sets important steps that a businesses can do to navigate the challenges ahead, ensuring that they mitigate the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/posts\/557"}],"collection":[{"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/comments?post=557"}],"version-history":[{"count":0,"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/posts\/557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/media\/558"}],"wp:attachment":[{"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/media?parent=557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/categories?post=557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/examinership.com.cy\/el\/wp-json\/wp\/v2\/tags?post=557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}