Guide to manage cash flow activities in times of crisis

We know that in times of crisis, things get very difficult, entrepreneurs depend a lot on the social and political environment that surrounds us, and just as there are good times, sometimes there are not so good times.  Similarly, this Covid-19 pandemic has wreaked great havoc on the global economy, damaging many countries and most people. The times we live in today are of the financial crisis. We do not know for sure what will happen in the future.  Therefore, it is necessary to have a plan that allows us to manage finances in the best way. So if your business has suffered a drastic drop in sales in recent months, stay tune to this post. Here are some tips to better manage cash flow activities during crisis. Beware of quick fixes When panic takes hold of you, it’s tempting to turn to seemingly “magical” solutions. But be careful. For example, “quick” cash loans are very risky. Their interest rates and penalties are extremely high (often 29% and more!). Even if you borrow a small amount, it is