PR Agency Survival Tips

Public RelationsMergers & Acquisitions
Written By Art Stevens

PR Agency Survival Tips

PR Agency owners, there are three key ways to maintain sufficient cash flow to take you through the next few months. Hopefully, the coronavirus will be behind us by then.

But if you’re in survival mode, consider these options:

  • Get a line of credit from your bank

  • Ask some of your stable clients to pre-pay the next three months retainer fees

  • Start developing cash reserves now that will sustain your business for at least the next few months should such a disaster strike again

Art Stevens

Art Stevens is managing partner of the Stevens Group, a firm that specializes in facilitating mergers and acquisitions in the PR and digital/interactive space.

https://theartstevensgroup.com
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