STEPS

WHAT TO DO

 WHO WILL DO IT?

BY WHEN?

Step #1

List current bills

Step #2

List current general fund cash

Step #3

List financial obligations for the next 4-6months.

Step #4

List expected cash flow for next 4-6 months.

Step #5

List physical assets and their potential value.

PRAY FOR GOD'S WISDOM AND LEADING.  THEN...

Step #6

Identify budget and physical items that are necessary to keep the doors open.

Step #7

Reduce or eliminate all remaining expenditures.

Step #8

Identify specific action steps that will generate specific income.

-New revenues.

-Generate early revenues.

-Donated/discounted services.

-Donated/discounted gifts-in-kind.

-Seek to sell some assets.

-New donations (for nonprofits) or new investment income (for businesses)

Step #9

Contact all creditors:

-Commit to pay-as-we-go, no more credit.

Step #10

Carefully monitor barebones budget & creditor payback plan.