The Screen Print Shop's Guide For Surviving During COVID - 19

<div>COVID-19 is devastating screen print shops. There are no easy choices. But here's what you can do RIGHT NOW to save your business and prepare for the struggles to come.</div> <div>Read the full article, full of helpful links and resources: <a href="https://www.printavo.com/blog/covid19-for-screen-print-shops">https://www.printavo.com/blog/covid19-for-screen-print-shops</a> </div> <div>1. 100% downpayment policy <br> Get pre-payment for all orders going forward. Now is the time to implement this policy. No exceptions. This is an existential matter for screen printing businesses right now. Our industry is not in the position to offer customer interest-free loans during the best of times – and certainly not now.</div> <div>2. Sick policy <br> Do not let sick people come to work. If you or your employees get sick, your problems get much worse. You will have to determine what is appropriate given your situation, but you have a duty to forbid sick workers from coming to work for the near future.</div> <div>3. Clarify your terms &amp; conditions <br> Have clear terms and conditions that outline exactly what you will do - particularly regarding returns, refunds, and order cancellations.</div> <div>4. Get paid: reduce accounts receivable <br> Have a staff member dedicated to reducing your accounts receivable. That means calling every customer that owes you money and getting them to pay – or figuring out a plan to pay as soon as possible. Protect your cash supply at all costs. Settle up now!</div> <div>5. Get rid of debt &amp; delay accounts payable <br> Immediately work to protect your cashflow. Audit your debts by cost and importance. How much risk is there in your shop? It is far better to be open with creditors early on before you are in crisis. There are deferment and reduced payments available from most creditors.</div> <div>Talk to your landlord about reduced rent, speak with your banker about reducing payments or extending them, and realize that your creditors are likely looking for chances to re