With the benefit of hindsight, what advice would you have given SME 6 weeks ago to help them cope financially?
Additional information
*E.g. What kind of advice (if any) would have been suitable for SME 6 weeks to ensure they had as much overheads and expenditure as possible, in order to keep their buisness operating for the next 3-6 months so they could see off hasty actions such as mass-scale employee layoffs, clientle-contracts being nullified and even a permenant shutdown of their buiisness? (For context, I'm asking this as it seems many large-scale buisness' did not have a plan in plane for sudden drops in revenue (irregardless of this coming pandemic) as many buisness' have gone into bankruptcy less than 1 month into a lockdown)
Sagal B. asked a question to EY
Category: About us
Date asked: Thursday, April 16, 2020
Last reviewed: Thursday, April 16, 2020
Sagal B.
A plan in place**
Thursday, April 16, 2020
Amy S.
Diversity & Inclusiveness Advisor
Hi Sagal, we have discussions at a confidential level with our clients regarding all areas of their business practices. That's a very difficult question that I don't think we'd be able to answer in this platform given the unprecedented situation that this pandemic presents. There are a lot of social channels that are discussing these kinds of questions about the impact on different industries though which you might find interesting. We also post thought pieces on our social platforms discussing the affect of Covid-19 on business.
Thursday, April 16, 2020
Sagal B.
Thank you for your time, I greatly appreciate it!
Thursday, April 16, 2020
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