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Financial planning

Overview
 

Continue business as usual

Given the answers you provided, it appears you might not be severely impacted by the crisis. Firstly, you may want to re-examine and re-test this assumption. With the world so drastically impacted in a myriad ways (not least, your customers locked in their homes for extended time) it is unlikely your operations and business will see very little impact.

If you are certain of minimal impact, you are in the fortunate position of not having an urgent liquidity crisis or disruptions to business (significant or minor) and can proceed with your business as usual. Continue to ensure employee safety and compliance to regulation. Make sure that you continually monitor the situation as things may change (and change quickly).

Re-assess business impact

It may be true that your business is minimally impacted, but you can do a double check by working through some questions in more detail. Have a look at the Risk assessment tool in phase 2, "Assess Liquidity and plan scenarios".

If you are certain there is minimal impact, here are some next steps you can take:

  • Gold Business (for SMEs with revenue of 0 - R5 million p.a.): Explore the Fundaba Application for business strategy tools
  • Platinum Business (for SMEs with revenue of R5 - R60 million p.a.): Get in touch with your Relationship Manager for advice on continuing good business practices
  • Enterprise Business (for businesses with revenue of >R60 million p.a.): Get in touch with your Relationship Manager for advice on continuing good business practices