Top tips for small business during COVID-19

The global pandemic has created an unusual set of circumstances for small business owners to manage.

If your small business is struggling through the business implications of Covid-19, you may find these tips helpful:

1. Update your financials and keep them up to date.

2. Do a financial health check on your business and repeat regularly.

3. Act now to improve cash flow.

4. Develop a contingency plan setting out how you will operate your business, should the government impose tighter restrictions.

5. Keep in regular contact with staff, customers, and suppliers.

6. Do a reality check on your business.

Remember, if you are in financial difficulty, seek professional advice early. Financial problems are much easier to manage if tackled quickly, instead of being left to worsen.

The On Line Services team can help your small business stay one step ahead. Contact us to discuss how we can help you today.