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CEOs: a 7-step COVID-19 business re-launch plan
Last week I worked with a CEO who leads a rapid growth multi-site retail business trying to figure out how to "re-launch" after his employees come back "from furlough". If you are in a similar situation, I propose:
7-step COVID-19 business plan process
Step 1: Bin all previous plans
Don't be tempted to re-forecast the current financial year's P&L in the light of COVID-19 using your pre-COVID business plan's revenue and cost budget. They're out of date. Everything has changed.
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By Ciarán FentonLast week I worked with a CEO who leads a rapid growth multi-site retail business trying to figure out how to "re-launch" after his employees come back "from furlough". If you are in a similar situation, I propose:
7-step COVID-19 business plan process
Step 1: Bin all previous plans
Don't be tempted to re-forecast the current financial year's P&L in the light of COVID-19 using your pre-COVID business plan's revenue and cost budget. They're out of date. Everything has changed.