Financial Crisis Management

Emergency Support Mechanisms

Government Interventions Historical support patterns: - Partial unemployment schemes - Loan guarantees - Tax deferrals - Direct subsidies - Marketing support

Limitations and Gaps - Budget constraints - Political pressures - Equity concerns - Effectiveness questions

Business Survival Strategies

Cost Management Painful but necessary: - Staff reductions/furloughs - Renegotiating contracts - Postponing investments - Service reductions

Revenue Protection Creative approaches: - Pivot to new markets - Product diversification - Direct sales focus - Local market cultivation

Cash Flow Management - Payment term negotiations - Advance booking incentives - Asset monetization - Emergency credit lines

Small hotel owner survival story: "2020 taught brutal lessons. We sold the restaurant to survive, converted conference room to coworking space, housed essential workers. Whatever it took."