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."