After months of reduced activity or a temporary closure, not everyone has enough resources to reopen the doors of a store, or to receive all their employees in the factory.

That is why it is essential for every company or business to have an adjustment plan, to reduce cash flow and prevent some extra expenses.

• Ensure the payment of fixed expenses:

In order for the company to continue in operation, it is necessary to review the budget and confirm that the income is going to be enough to pay the rent of the offices or commercial premises, electric power, and telephone and Internet service.

• Review tax status:

Being up to date with tax obligations will allow you, as the business owner, to have peace of mind and be able to focus all your energy on the recovery of the business.

• Maintain the necessary investments for expansion:

You may not be able to maintain the growth plan laid out a year or two ago. But do not resign yourself to the fact that the business will survive and privilege those investments that will allow you to gain new clients or launch a new product line.

• Update the insurance plan:

Due to the current situation, insurance companies are offering better coverage and payment conditions to their clients. Check the expiration dates of the business policies, ask for other options and talk to your insurance agent in advance.

• Cut non-essential expenses:

Once you've made sure that essential payments are covered, review which ones won't affect your bottom line and can be eliminated. For example, representation expenses, subscriptions and memberships, stationery, etc. Every little expense counts.