The time has come for us to start making moves out of lockdown. Just when we found our groove, now we need to get ready to go back to “normal” - whatever that looks like.
There are a few key areas we all need to look at to get our asses in gear; money, marketing & our people. Over the next several weeks, we will be putting on a series of events titled; The Journey out of Lockdown. If there is a topic YOU would like covered, get in touch.
Patrons attend FREE / Log in to the Patron Portal to register.
Non-Patron / £10
Alison is the Mary Poppins of finance for hospitality businesses - not content with the inequality of access to financial strategy support for smaller businesses, she set up White Doe to level the playing field.
Providing flexible and on-demand business & financials strategy support for hospitality businesses from launch, until they're ready for a full-time Finance Director/CFO. From business plan support to a general sounding board or just someone to explain what your numbers ACTUALLY mean - White Doe can provide the support you need, without the full-time CFO price tag.
In this session we will cover:
1) Understanding how much cash you've actually got and having a plan for any deferred debt (rent, VAT, PAYE etc.) that you've got.
Cash is king - there's no two ways about it. Virtually every business will be reopening with some form of deferred debt, be that rent, VAT or PAYE. Make sure there is a plan agreed on how to pay this back and also know what your business targets need to be in order to stay afloat AND repay these debts.
Bottom line - it's about having a clear picture of your actual financial situation, which means you can commit to repayment plans with your eyes wide open.
2) Deciding on your pandemic pivots
Pandemic pivots may have worked well during the pandemic, but with your operations reopening and more consumer choice, does it still make sense?
3) Set your business up for success when it reopens
Between deferred debt and loss profits from the pandemic, every business should focus on squeezing every £ of profit out of its sales when it reopens. Things to do now to put yourself in the position to do that.