Review - 4 – Financial Future Assessment
New financial projections and assessments must be put together based on the current situation. Begin by reviewing the questions below and then the topic-specific resources.
- Have you completed a cash flow forecast?
- Have you done financial projections that incorporate the current situation? Will you be able to afford current debt payments?
- Will you be able to reopen using existing financial resources (from the business or your own)?
- Will you need to look for additional financial resources from investors, banks, lenders, or a mix?
- If you are seeking financing, for what reason are you seeking the money? And how much you will need?
- Using these financial tools, have you analyzed the business’s financial health? After reopening, how long will current financial resources last if revenue is slow?