UAE: Here are six ways to revive a business struggling during the COVID-19 crisis!

If you find your business running short on cash, find out where the money is going

Last updated: July 15, 2020 | 18:31

2 MIN READ

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Has your business suddenly run short of cash?

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Do you notice there is something you are no longer using and it's costing you?

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If you're out of capital you shouldn't seek more!

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You owe the people who expect returns from their investments to revise your business plan.

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If your business is in high demand, consider making some changes in how you require payment.

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Majority people do not have a problem with paying in full beforehand for a consistent-quality product or service.

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Experts also say the easiest place to cut expenses starts with you.

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If you have personal savings, you can defer your salary.

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It is evident that over time, businesses accumulate stuff that doesn't get used all that much.

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A way to help raise a few bucks quickly and reduce the clutter.

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Recalculating the business’ exact overhead cost.

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Merge activities like training days and celebrations into single events.

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You'll find that cross training employees is much valuable in time like this.

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