SOUND financial management and managing cashflow is a critical priority for many businesses in the equine industry. The Covid-19 crisis is having a devastating impact on society and also across the economy. Leadership teams need to make decisions and act decisively.

Firstly, acting now to slow down the spread of Covid-19 is all our responsibility. Protecting your community and your staff is uppermost in everyone’s mind. However, the economic impact of Covid-19 is being felt by small and medium sized businesses (SMEs) in the equine sector. Here are some steps which leadership teams should be actively pursuing right now in the knowledge that managing cashflow in the short-term is a critical priority.