There are more questions than answers, but despite the unknowns, one thing is certain: business owners need to forge on. We need to be hopeful of the future while taking heed of the lessons that Covid-19 is teaching us. Unfortunately, the level of one’s cash reserves could spell the difference between survival and death for MSMEs during and after this crisis. Sizeable cash reserves also provide business owners the capacity to look into new business opportunities that might arise from the crisis. Bottom lineThe Covid-19 crisis has started to reshape our business ecosystem.

Source: Manila Times May 02, 2020 16:36 UTC