FINANCIAL PLANNING FOR THE UNEXPECTED

If the COVID-19 outbreak has taught us anything about our businesses, it’s that owners must begin making a more in-depth examination on how they prepare financially for such extreme scenarios.

Small Businesses are most prone to financial exposure when a financial crisis occurs. With the COVID-19 outbreak, there are options to assist in keeping your business finances in tact by exploring Small Business Loans, Public Donations, and other means.

But what happens when an individualized, unforeseen financial crisis occurs? Does your business have a financial plan if you were forced to take a leave of absence because of an emergency?

Continue reading “FINANCIAL PLANNING FOR THE UNEXPECTED”

WHAT BUSINESS OWNERS CAN DO DURING THIS ECONOMIC SLOWDOWN

As a Business Owner, you are undoubtedly experiencing what most other businesses are experiencing: the feeling that the world is closing in. Each day can seem like a struggle when you’re trying to determine when the news will get better and how you might be able to keep your business operational.

Most businesses cannot prepare for a time like this because, let’s be honest, it is almost impossible to forecast the extreme scenario we are experiencing.

As we are currently in the beginning/middle stages of mandated business closures amid the COVID-19 crisis and the economic impact it is having, now, more-than-ever, it is important to take this time to develop a new plan of action for your business.

To that extent, many of you have posed the question: “What can I be doing for my business right now during this unprecedented economic downturn?”

Continue reading “WHAT BUSINESS OWNERS CAN DO DURING THIS ECONOMIC SLOWDOWN”