We all know that small businesses are the backbone of the US economy. According to the SBA, small businesses employ nearly half the country’s private workforce. We officially entered a recession in February and as of June, have an unemployment rate of 11.1%—and about 15 million fewer jobs than pre-Covid February. Small businesses will lead the …
Seven Steps to Recession-Proof Your Small Business
Blame COVID-19: the US officially entered a recession in February. I suspect that’s not news to you and your small business, as small businesses have been on the front line of this downturn, struggling to survive. In fact, since the shut-down, it’s estimated that over 100,000 small businesses have closed their doors for good. I …
Do Something If You Want Your Small Business to Survive
The other day, a local small business owner gave me about a dozen reasons why he wasn’t re-opening his restaurant. Not one of the reasons had to do with health. He complained about costs, worried about being sued, was frustrated with the city, didn’t trust his customers, and on and on. I’m not sure his …
Do Something If You Want Your Small Business to SurviveRead More
Small Biz Update: PPP Forgiveness Changes!
FACEBOOK LIVE EVENT THIS WEEK Please join me for my Facebook Live event: Tuesday June 9, 1pm EDT/10am PDT Update on the new rules on PPP forgiveness and strategies to help your business survive. Go here to join or to watch later. And if someone forwarded you this newsletter, you should sign up here. NEW DATE! Tuesday, …
What Can A Small Business Do Right Now?
Right now, you’re probably dealing with just trying to ensure that your small business survives the impact of Covid-19. But America is at a turning point, and your voice matters. Small business owners are some of the most respected members of their communities. What you say, what you do is important. Last week yet another …
Small Biz Update: PPP Forgiveness Strategies & America at a Crossroads
Here’s the latest… PPP FORGIVENESS PROCESS AND HELP The SBA is making the process for receiving forgiveness for your PPP loan unnecessarily difficult for small businesses at a time when small businesses are reeling from the pandemic and now are facing potentially longer closures due to civic unrest. They could have easily created a simple …
Small Biz Update: PPP Forgiveness Strategies & America at a CrossroadsRead More
Small Biz Update: PPP Loan Changes Coming?
FACEBOOK LIVE EVENT NEXT WEEK Please join me for my Facebook Live event: Tuesday, June 2nd, 1pm EDT/10am PDT Update on PPP, financing, and strategies to help your business survive. Go here to join or to watch later. And if someone forwarded you this newsletter, you should sign up here. MARK YOUR CALENDARS June 9th I’ll be …
Money, Money, Money in your Small Business
Virtually every small business owner worries about money. But in this Covid-19 environment, with such an uncertain future, managing money is even more critical now for your small business survival. So how should you spend your money now? First: a couple of basic things to remember. Cash is king. If the three most significant things …
Fix PPP Forgiveness Now
Congress and Treasury Secretary Steven Mnuchin: If you truly care about the survival of America’s small businesses, fix the forgiveness provisions of the Payroll Protection Program (PPP) and fix them fast. Moreover, we need additional help for millions of small businesses who are facing annihilation. PPP forgiveness provisions are, in a word, a mess. Right …
