How Restaurants Can Overcome any Potential Cash Flow Issues from COVID-19

It’s no secret that the restaurant industry is feeling the catastrophic impacts of the COVID-19 pandemic. As the crisis continues, restaurants need to evolve their business operations to keep running and make long-term plans to keep cash coming in. Fortunately, there are simple steps restaurants can take to prepare for a few other economic impacts to their bottom line in the weeks ahead. 

Since we don't know how long this crisis will last, the first thing restaurants need to do is take a 360-degree look at their cash flow. It's always advisable to have some cash aside to ride out a month or so of bad business, but in these volatile times, restaurants should look at creating a bigger 'emergency cash fund' in case the slow down gets extended past a month or two, if possible. 

Pick a day to hunker down and focus on eliminating unnecessary expenditures. Don't wait to look where you can cut costs any longer- look in every single pocket you can to start expanding an…