If you are not able to work for a while, it can have a big impact on your financial situation. You may have to think about cash flow.
- Chase up outstanding invoices.
- Start thinking about alternative sources of income – you may qualify for a grant or emergency funding to help small businesses, or members of your trade or profession.
- You could be covered by critical illness insurance or income protection insurance. Check if you have insurance included within your business loans. If so, now’s the time to talk to your insurer about making a claim.
Taking on new work is probably not the best solution at the moment. Also make sure you are claiming all of the personal state benefits you are entitled to.