The Truro & Colchester Partnership for Economic Prosperity is here to help small businesses analyze their needs.
It’s important to assess your cash flow during this Covid-19 time of crisis. Jason Steele, Business Development Officer (email@example.com), created an excel spreadsheet tool that may help you in doing such an analysis, which needs to be much more specific compared to a normal cash flow forecast.
This tool will help you to drill deeper in assessing the impact of Covid-19 on your revenue losses, continuing and deferrable expenses and provide a gap analysis that could then be used for supporting funding applications. This forecasting tool can also help in determining how you might pivot your business in the short-term to make up for net cash flow losses (depending on your business situation).
This tool is meant to help those who are:
– Needing guidance on how best to assess the cash flow impact on your business from the COVID-19 crisis
– Looking for a tool that auto-calculates and outlines what you may need for funding support
– Looking for alternative revenue opportunities for your business during this crisis and/or how best to prepare for the rebound period post-crisis
If you missed the Live @ the Hive walk through on how this tool works and how to use it, you can view the video here.
To Download the spreadsheets, click here.
lynne mcclay says
My best friend who is 80 yrs, old has a very small business in Bible Hill but is much used by the population. Now he does not bring in much income but it does help supplement his pension cheque. He doesn’t want to apply to the gov’t for any supplement to help him, he is proud, Just wondering if he is eligible for some help from the govt’s supplement? His business is Truro Time Service in Bible Hill for many years.
Truro Buzz says
Hi Lynne, thanks for reaching out. I would recommend you contact Jason directly at firstname.lastname@example.org as he has a much better line on what funding is available for who.