Economic impact on your business.

The economic impact left by the pandemic in 2020 was hard for many businesses, since the start of the confinement companies began to look for financing that will allow them to continue with their operation.

The financial institutions for their part began to offer several financing plans to reduce the negative economic impact that we are living, one of them was the freezing of payments to credits that were active for up to four months.

But these financial stimuli have not been enough because of the situation that continues today and many businesses have had to close their doors.

The reasons for these closures are usually different depending on the turn and decision making in each business, some of them are usually:

• Poor Financial Management (Resource Management).
• Knowledge of tools such as Cash Flow, Forecast.
• Information on New Technologies (E-Commerce)
• Among others…
•  

So this 2021 will be full of new challenges for many companies and the main point will be to maintain the continuity of the business through new sources of financing, Good Management of Financial Resources through various financial tools and in turn know the new strategies of attracting customers.

Come to us in Bandala| Díaz | García we will provide you with the necessary information and we will advise you on the current situation of your business to find specific measures to reduce the negative economic impact.

LEGAL NOTICE 

The main purpose of this information is to provide guidance to the general public. It does not replace the provisions of applicable law. Nor does it replace the specialized legal advice or consultancy that can be offered by any of the lawyers and/or accountants of Bandala | Díaz | García