Maintaing your finances during COVID-19 Pandemic
Event Description
In this seminar, speakers explained that during COVID19 pandemic situation how someone can manage finances and how to manage your employees without taking layoff option.
Date : 17-04-2020
Time : 05:00 PM - 06:00 PM
Venue : Online Platform
Speaker Profile
Speaker Name : Mr. Pawan Kumar
About Speaker : Chartered Accountant and CFA Charterholder with 5 years of experience of in the venture capital and banking industry. Skilled in Due Diligence, Portfolio Management, Financial Modeling, Business Analysis, Market Research, Project Finance, Auditing
Summary
“Maintaining Your Finances During COVID-19 Pandemic”
"Necessity is the mother of Invention"
CA Nilay Doshi:
Due to the uncertainty plaguing income, Enterprises should immediately start creating such funds once the epidemic is over so that they can be ready for any hardships in the future.
CA Ram Motwani:
To help employees navigate through these dark times will be critical to many organizations’ short And long term survival. But look at the long run, this is the time to gain employees' trust and loyalty. Try to avoid the option of Laying off Employees, Consider them an asset.
Mr. Pawan Kumar:
Conserving cash as much as possible. Be frugal, don't spend on unnecessary expenses. Focusing on monetization. The conversion of an asset, debt, etc. into cash or a form easily converted into cash. Cut in down all your extras cost, like Marketing and promotions
Mr. Bhanu:
Sometimes, We are much more worried about raising funds, and building a product becomes a secondary thing. The focus should be on building a product and quality because this is the right time to earn customer loyalty. Once you gain it raising Funds will become easier.
