All businesses should prepare a business continuity plan that assumes a worst-case scenario that could see the company operating at very low levels for several months.
There are a number of measures a business can take to ensure the continuity of its operations, Mazars will share advice, guidance and practical support from our business experts as this progresses.
What are the quick wins I can avail of in managing my situation?
- Consider your financial and cash position under a worst-case scenario and consider what measures are open to you to align costs with activity levels
- Avail of the relevant Government support measures that are available to you
- Communicate your position coherently with all key stakeholders such as employees, banks, customers, and suppliers
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