Our three essential top tips to help business during the COVID-19 lockdown will help you to make sure that you are in the best possible position to see this crisis through.
Hamish Sheppard is here with a short video, to make sure you and your business are staying on track during the lockdown. The first top tip is cashflow – if you’d like a free cashflow template just request one using the form.

Top tips to help business owners during COVID-19 lockdown

In summary, your business needs to be thinking about:

1. Cash is king

These are uncertain times – what will you do if existing clients can’t pay you? What will you do if contracts cancel, or new business doesn’t materialise?

It’s more important than ever to keep track of your cash – do this with a simple cashflow. Monitoring money in against money out on a weekly basis will give you advance notice if a pinch point in cash is ahead, meaning you can take corrective action.

Crunchers Edinburgh offer a free cashflow template – just fill out the form below for a copy.

2. Take the money!

There is a lot of support available, from both the UK and Scottish Governments. Keep up to date, as there are new announcements daily.

Apply for the money that you are due, even if you don’t feel you need it right now. No-one knows for certain how the market will be after lockdown – so you may be thankful for the extra cash at a later date.

3. Plan for post-lockdown

Try to gather as much information as you can about how your market might react once lockdown restrictions are lifted.

Will your market have money? WIll they be expanding? Or, might they be struggling?

Use this time now to plan how you want your business to look post-lockdown.

COVID-19 support hub for small businesses

We’ve collated helpful information, links and updates for businesses on our COVID-19 support hub page and we also share any business support announcements on our social media channels. Be sure to follow us so you don’t miss out on any essential information!



Request a cashflow template

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