Art Stevens, Managing Partner, The Stevens Group
PR Agency owners, there are three key ways to maintain sufficient cash flow to take you through the next few months. Hopefully, the coronavirus will be behind us by then.
But if you’re in survival mode, consider these options:
Get a line of credit from your bank
Ask some of your stable clients to pre-pay the next three months retainer fees
Start developing cash reserves now that will sustain your business for at least the next few months should such a disaster strike again