The aim of this program is to provide participants with proper understanding what immediate actions can be taken to strengthen your financial position. E.g. to recalculate all your assets and debts, budget for daily and monthly expenses, etc., to ensure that your business has sufficient funds to survive for this period.
Brochure
— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —
Essential healthy cash flow for business survival
- Market prospects and your industry need how long to recover from Covid 19
- Get to know your business’s products and services again
- Calculate all the company’s assets, debts and the necessary daily and monthly expenses immediately.
- Prepare cash flow budget and forecast until the end of 2020.
- Quick ratio and current ratio analysis
- Identify sources of emergency funds with reasonable cost of funding
- Impairment of debtors
- Look for east to sell goods and lower inventory stocks level
- Quoted equity investment
Strategies To Maximize Cash Inflow and Minimize Cash Outflow
- Reduce travelling by using video conferencing
- Example of operation and administration expenses which may be reduced
- Reduce outsourcing orders and companies can negotiate new contract terms, such as rental
- Freeze recruitment of non-essential positions
- High-efficiency publicity and advertising
- Electronic and online trading
- Employees return to work on Saturday (without OT) to improve productivity with in turn improve cash inflows.
- Case study
Thinking out of the box
- Some raw materials may be overproduced at this juncture (for example: crude oil-related products), and cheap raw materials can be picked up.
- Any risk of bank facilities? E.g. bank overdraft call back by banks.
- Can we streamline or improve the existing operation process to achieve maximum economic benefit?
- How much money and time required to develop the new business models, if any
- Q&A