March 25, 2020

California Apparel New interviewed Retail Co-Leader Ronald Friedman about steps businesses can take to remain viable through the coronavirus crisis.

California Apparel News

By Andrew Asch

California Apparel New interviewed Retail Co-Leader Ronald Friedman about steps businesses can take to remain viable through the coronavirus crisis. Coronavirus Resource Center

Excerpt:

“Write letters to vendors informing them that you’re not open for business. You’re holding off on paying our accounts payable for now. Your receivables may not be collected as timely as you like,” he said. He recommended that businesses pay bills to keep the lights on, such as those from utilities and communications companies. Keeping liquidity is crucial.

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Ronald  Friedman

Ronald Friedman

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