In this critical COVID-19 business survival episode, Karen and guest co-host Michelle Crow of e-worc marketing and advertising talk about the changing economy during this time of quarantines and mandatory “social-distancing,” and the disaster loans and relief resources becoming available. It’s such a tough time out there for so many business owners, and employees and this show hopes it can shed some light on the best resources, loans, and budgetary assistance out there to help all aspects of our businesses and workforce. The very nature of the way we do business is transforming daily, let’s all stay calm, figure out what’s working, prioritize expenses, manage our resources, stay positive, and let’s all stick together to get through this uncertain time.
Resources
Alabama Small Business Development Center
SBA Disaster Loan Assistance
Economic Injury Disaster Loans
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Families First Coronavirus Response Act
Key Takeaways
> Look for any additional and new revenue streams.
> If possible, alter your business processes or pivot to a horizontal product market during this business disruption.
> Seek out information on SBA relief loans, unemployment relief, and benefits from the family leave and sick pay act.
> Protect your cash and look for debt relief from your creditors.
> Manage your inventory, raw materials, and resources to get through this crisis.
> Have a plan to maximize the growth opportunity when the economy recovers after the initial Coronavirus crisis.
Learn more about Karen Simmons & Michelle
Karen Simmons
Michelle Crowe | e-worc | Facebook | LinkedIn
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