In business, there is a policy of contingency that provides a ready cushion in case of unexpected events. However, a global pandemic is seldom on any one’s contingency list. The world was thrown off balance due to Covid-19 and impacted many businesses severely due to the subsequent lockdown. Businesses that were once thriving were now scrambling to protect their employees, analyse the new risks to the market, and manage any further supply chain disruptions to curb the spread of the virus. Health and safety took priority at the cost of a crumbling economy. Small and mid-sized businesses that are typically low on cash reserves and experience inconsistent cash flows became more vulnerable than ever. So, how do we flip this situation in our favour to survive and thrive? Learning from past financial crises, it is wise for businesses to mitigate the ensuing damage from the coronavirus at the earliest and develop a cash management strategy to mitigate overall business risks. Below a...