Take advantage of current opportunities for low interest loans and grants related to disaster assistance by the Federal Government
Cut all non-essential overhead and negotiate discounts with lenders and vendors where appropriate
Don’t cut too deeply into marketing and sales budgets – follow ROI, not emotions
Cut operating expenses by a minimum of 30%
- If you have rent, ask your landlord for a 180 day rent reduction (they won’t agree, but might agree to 90)
- All monthly expenditures need to be evaluated and cut unless they are absolutely necessary (offshore recruiting is a big one – drop it)
It’s terrible, but we need to cut staff. Better to have a half empty office that we can rebuild than having no office
Request ACH/Wire payments from Clients
Remove all auto-payment functions on your accounts that way you can actively track money coming and going in your business accounts

Join CSP for more COVID related info and updates. CSP has 2 offers for you during this extraordinary time:

Offer 1 – register for a complimentary 60 day membership with access to resources to help you like webinars, member forums etc.

Offer 2 – Become a full member and get 25% off your first year using the code FirstYear25 at checkout.