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3 – Cash Flow Assessment

Understanding your current cash flow is an incredibly important factor in assessing your business’s financial health. Begin by reviewing the questions below and then the topic-specific resources.

  • Have you determined how much cash your business currently has available by creating a cash flow statement?
  • Have you created a balance sheet and a profit and loss statement from the beginning of the current fiscal/calendar year?
  • Have you spoken to your landlord about securing more favorable rent or mortgage terms?
  • Have you spoken to your lender to determine if existing loan terms can be renegotiated?
  • Have you evaluated where you can reduce or eliminate costs?
  • Can you afford to reopen your business? If you cannot afford your recovery plan, have you considered exiting the business?
  • Do you have unused assets that should be sold?

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