- Personal Care – Exercise, Diet, Meditation, Sleep,
- Be Positive
- Plan don’t panic – This is the cycle of business and it will end
- Got to Adapt to Survive or Exploit the New
- IVVM (idealise, verbalise, visualise and materialise)
- Life Goes on – Focus on what you want, not what you don’t want.
- Leadership
- Strength
- Conviction
- Plan Don’t Panic
- Quarterly plan
- Daily plan
- Re – Plan.
- Cashflow Forecast
- Fixed expenses
- Variable expenses
- Chase Down All Debts & Revise Client Payment Terms
- Old Debts.
- Conscious About New Debts or Clients at Risk (Air Lines/Event Companies/Restaurants )
- Discounts for Cash up
- Your Supplier Payment Terms
- Extend?
- Holiday Periods?
- No Unnecessary New Spending
- New Spending policy
- Cut Spending
- Overheads?
- Products and Services – Use Old Stock – Stop Buying New Stock not needed
- Skeleton Staff.
- Non –essentials.
- Finance (Leverage) & Opportunity
- Overdraft
- Loans
- Take advantage of Cheap rates
- Take advantage of Holiday periods
- Finance (Tax) & Opportunity
- VAT
- PAYE
- Business rates
- Holiday periods
- Re-Payment plans
- Communication (TEAM)
- Remote working facilities (Zoom, VOIP & Laptops).
- FAQ’s Communication Policy to communicate with stakeholders
- Daily Frog Sheet from remote team
- Zoom/Skype calls
- Daily updates
- Communication with Clients – Focus on Client Retention
- What you can do service and products wise?
- Your Cleanliness or cleaning protocol etc.
- Contact/Re-Engage Past Clients
- Delivery
- What is the Consumer Confidence in your market right now?
- How will reduction affect your Team and Delivery?
- How can you deliver the same service with less staff?
- Diversify
- What opportunity is there?
- What products can we sell?
- How can we sell our current products differently?
- Sales Cycle
- Who is in the Sales Cycle now?
- How can we get more in the Sales Cycle now and for which Products?
- How long to get new Prospects into the Sales Cycle once the Cycle finishes?
- Marketing and Sales
- Must Continue – If you are not growing you are dying
- What needs to change?
- How can we be more effective/efficient?
- Look for small wins every hour
- Focus on what you want not what you don’t want.
- Reduce the negative stuff you are absorbing from the news and ‘hear say’.
- Be ready for the Opportunities when we come out of this Cycle
- Competitors may go under so there will be clients looking for new service
- Property will be readily available and cheap.
- Be Ready to Re-Plan
- If things change drastically be ready to update the plan.
- How can you come out of this phase stronger not weaker?
- Leaner
- Faster
- Stronger
- Focused