Community Development Partnership and SCORE Cape Cod and the Islands will offer a free virtual workshop on Oct. 8 from 6 to 7 p.m. Participants can join remotely via Zoom.
Across the Lower Cape businesses have been impacted by the Coronavirus pandemic, resulting in varying levels of hardship. While businesses have adapted their business models, purchased additional supplies to protect patrons and staff, and applied for financial assistance through federal programs, for many there is a lingering concern that these efforts will not be enough to sustain them until next season. Many businesses are at the point where they need to assess and develop a “Plan B.”
The workshop will explore the elements of a Plan B, covering two principal concepts: first, business triage, or how to position yourself to generate sufficient cash flow to continue; and second, options to consider if generating sufficient cash flow to continue is not possible.