1. Immediate "Triage" Steps (Focus on SAVING what can be saved and NOT on what has been lost to the storm)

 

 These actions should be taken within the first 24–48 hours to stabilize the situation: 

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• Draw a "Line in the Sand": Stop trying to fix the entire past immediately. Start recording every cent accurately from today to prevent the "wound" from growing.

• Separate Accounts: Open a new and dedicated business rescue bank account immediately. All income is FROZEN whilst each outflow is planned for. Failure to LOCK DOWN INCOME is like admitting defeat  before you even start trying to recover your position. 

• Stop the Bleeding: Identify and cancel all non-essential recurring subscriptions and services.

• Secure Documents: Gather all bank statements, receipts, and invoices for the last 12–24 months into one physical or digital space. 

 

 2. The Cleanup Process (Road to Recovery)

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 Once stabilized, follow this systematic "recovery" protocol, which typically takes 8–12 weeks for a full turnaround: 

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1. Bank Reconciliation: This is the foundation. Match every transaction in your accounting software to your actual bank statements to find "missing" or "phantom" money.

2. Categorize Transactions: Label every expense (e.g., rent, utilities, wages). Avoid "Miscellaneous" categories, as they hide profit leaks.

3. Accounts Receivable (AR) Audit: Identify who owes you money. Send immediate reminders and consider offering small discounts for instant payment to boost cash flow. Work the PHONE getting money in.

4. Accounts Payable (AP) Review: List everyone you owe. Communicate honestly with suppliers to negotiate payment terms rather than avoiding them, which protects your business credit.