How To Quantify & Assess The Financial Impact of Business Closures on Your Bottom Line
The unfortunate reality for businesses of all sizes right now are spontaneous business closures (or deciding whether now is the time to reopen your business!)
And with COVID-19 outbreaks at your physical locations meaning potential mandatory lockdowns, as well as deciding whether to re-open at all it’s important to know the figures and what it could cost you.
We wanted to share how you can use Boardish to quantify into hard numbers what this means for your business.
- Is it more cost-effective to keep your physical locations closed rather than adopt new procedures?
- What is the real ‘solution’ cost of implementations? (including the cost of your expert’s hours and time)
- What is the sales loss for your business closure?
- What is the regulation impact for remaining closed? (and does this pose a higher risk to you?)
With Boardish you can compare the cost of a closure to your business and the full solution cost to your turnover so that you can decide which areas of the business are still viable. PLUS make a quick decision with all the numbers once you’ve run your simulations.
Once you’ve input your company information you can run several simulations on different scenarios so you can see the full picture quickly, and then use this information to get a fast decision from the board or decision-makers.
Boardish which will give you a snapshot of the information you need on the company right now, and you have complete manual control over the efficiency of your solutions so you don’t have to consider AI learning time, or integration into your systems!
Take a look at our video above where it runs through the exact process. So you can quantify exactly what you need right now!