7 tips for keeping your business going during the coronavirus downturn. (via CNBCMakeIt)
— according to a new report from the National Federation of Independent Business released Monday.
Bahr, global practice leader in risk management at consultancy DuPont Sustainable Solutions, has spent 35 years helping businesses navigate geopolitical, climate and terror risks, including 9/11, and said "now is the time to turn risk into an opportunity." He outlined seven steps for doing so.
Businesses first need to deal with cash flow and liquidity issues, considering how to potentially repurpose to keep those in check, said Milano. The next step is to think about possible areas for improvement, such as modernization of technology. Lastly, for those less impacted, now could be the time to take advantage of new business opportunities, he noted.
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