{"id":9983,"date":"2020-06-12T05:37:59","date_gmt":"2020-06-12T05:37:59","guid":{"rendered":"\/blog\/?p=9983"},"modified":"2020-06-12T06:38:24","modified_gmt":"2020-06-12T06:38:24","slug":"business-planning-during-and-after-lockdown","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/","title":{"rendered":"Business Planning During and After Lockdown"},"content":{"rendered":"\n

For business\nenterprises worldwide, the COVID-19 led economic slowdown has been a nightmare.\nThis scenario has only led to two things \u2013 an acute financial crisis and a downturn\nin demand and supply.<\/p>\n\n\n\n

Moreover, the nationwide lockdown has only aggravated the financial crisis for several enterprises that are experiencing extreme difficulties in keeping themselves afloat. Therefore, to mitigate the harmful impact of COVID-19 lockdown, an instant business loan can be of help.<\/p>\n\n\n\n

Businesses should start by re-visiting their business plans, and if necessary, a loan for business can be borrowed to ensure smooth business operations in the upcoming months as well. An efficient business plan is vital for a smooth sail through after lockdown. Here are a few tips to help you plan your business operations better during as well as after the lockdown.<\/p>\n\n\n\n

Review the business model<\/strong><\/p>\n\n\n\n

No business was ready\nto handle the drawbacks of COVID-19. And with the uncertainty still surrounding\nthe pandemic, it will only become harder for companies to operate. Businesses\nneed to review and renew their existing business plans to recover from the\nslump. <\/p>\n\n\n\n

The new business\nplan should be flexible enough to adapt to the changing market. Companies\nshould estimate the cash flow and revenue costs accurately to manage their cash\ncycle for future crisis as well. Chalking out a detailed budget for the next\nfinancial year is critical, along with focusing on short term gains when\nreviewing your business model.<\/p>\n\n\n\n

Manage future cash flow<\/strong><\/p>\n\n\n\n

Even as the\npandemic impacts the inflow of cash, certain expenses remain fixed for the\nbusiness. Therefore, organizations should reassess their cash flow cycle and\nmake an expenditure plan accordingly. Companies should do this by assessing\nboth the fixed and variable expenses along with the actual generated revenue.<\/p>\n\n\n\n

This practice\nwill allow you to evaluate the financial condition of your company efficiently.\nYou will be able to devise an actionable plan for managing liquidity and cash\nflow post-lockdown. A good action plan will also help in mitigating any future\nharm to your business. <\/p>\n\n\n\n

Create long term policies<\/strong><\/p>\n\n\n\n

The unpredictable\nnature of COVID-19 will last a while. This puts immense pressure on business\nplans struggling to survive the financial crunch. With long term policies, businesses\ncan manage to survive until the economy regains its footing. Achieving this\nwill involve a reduction in expenses and cost-cutting on several business\noperations.<\/p>\n\n\n\n

Furthermore,\nbusinesses must act out revenue goals while reconsidering the sales pipeline\nstrategically. Entrepreneurs must also communicate openly about the state of\naffairs with the stakeholders, customers, and employees alike. Doing this will\nbenefit the enterprises in case the impact of the pandemic is longer.<\/p>\n\n\n\n

Track government interventions<\/strong><\/p>\n\n\n\n

Governments are\nbound to give out certain relaxations, opportunities, or prohibitions for ease\nin doing business. The focal point of all such government interventions will\ncontinue to revive economic growth. <\/p>\n\n\n\n

There might also\nbe an increase in the production for select supplies if the central government\nasks for it and businesses operating in those sectors stand to benefit. Therefore,\ncompanies should actively track such government interventions.<\/p>\n\n\n\n

Additional Reads: <\/strong>Check out the new MSME insolvency codes from\nCOVID-19 Relief Package<\/a><\/p>\n\n\n\n

In Summation<\/strong><\/p>\n\n\n\n

There\u2019s no denying that some businesses have been affected worse than the others. So much so that even surviving the financial crunch is difficult for them. Thus, to stay afloat amid the COVID-19 pandemic, enterprises can opt for a business loan. <\/p>\n\n\n\n

You can avail a business loan online<\/a> with Tata Capital at attractive interest rates. We offer a seamless documentation process. Apply for quick business loans by visiting our website today!<\/p>\n\n\n\n

Additional Reads: <\/strong>Steps to apply for collateral-free MSME loans under the COVID-19 Relief package<\/a><\/p>\n\n\n\n

Read More Blogs<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

For business enterprises worldwide, the COVID-19 led economic slowdown has been a nightmare. <\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":9984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-9983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lockdown-news"],"yoast_head":"\nBusiness Planning During and After Lockdown - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Know about survival strategies for businesses during COVID-19 lockdown. Look for what steps you need to take in preparation for the exit of lockdown. Click for details!\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Planning During and After Lockdown - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Know about survival strategies for businesses during COVID-19 lockdown. Look for what steps you need to take in preparation for the exit of lockdown. Click for details!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-12T05:37:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-12T06:38:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/06\/the-business-plan-for-life-during-and-after-lockdown.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/\",\"name\":\"Business Planning During and After Lockdown - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2020-06-12T05:37:59+00:00\",\"dateModified\":\"2020-06-12T06:38:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Know about survival strategies for businesses during COVID-19 lockdown. Look for what steps you need to take in preparation for the exit of lockdown. Click for details!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Planning During and After Lockdown\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Planning During and After Lockdown - Tata Capital Blog","description":"Know about survival strategies for businesses during COVID-19 lockdown. Look for what steps you need to take in preparation for the exit of lockdown. Click for details!","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Business Planning During and After Lockdown - Tata Capital Blog","og_description":"Know about survival strategies for businesses during COVID-19 lockdown. Look for what steps you need to take in preparation for the exit of lockdown. Click for details!","og_url":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/","og_site_name":"TATA Capital Blog","article_published_time":"2020-06-12T05:37:59+00:00","article_modified_time":"2020-06-12T06:38:24+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/06\/the-business-plan-for-life-during-and-after-lockdown.jpeg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/","url":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/","name":"Business Planning During and After Lockdown - Tata Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2020-06-12T05:37:59+00:00","dateModified":"2020-06-12T06:38:24+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"Know about survival strategies for businesses during COVID-19 lockdown. Look for what steps you need to take in preparation for the exit of lockdown. Click for details!","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/business-planning-during-and-after-lockdown\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Business Planning During and After Lockdown"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/06\/the-business-plan-for-life-during-and-after-lockdown.jpeg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=9983"}],"version-history":[{"count":2,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9983\/revisions"}],"predecessor-version":[{"id":9986,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9983\/revisions\/9986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/9984"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=9983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=9983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=9983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}