Have these critical conversations sooner than later to get ahead of the crisis.
Offices are closed. Production is halted. Billings for your products or services are frozen. Clients/customers have been lost, and crucial past receivables aren’t coming in.
While things will eventually turn around, no one knows when that will be the case — which makes it impossible to plan or budget strategically in order to stay afloat.
Rather than be paralyzed or petrified, it’s crucial for business owners to proactively stave off disaster by quickly pursuing six categories of conversations. They may not be easy or comfortable to have, but for the sake of your organization, they must happen:
With small-business-bailout programs
Talk to your local and state elected officials and economic development representatives to learn how to get low-interest loans, grants and other resources that will help you to pay your bills. Login to every webinar and website to research the nuts and bolts of how these programs work. Apply for all financial support opportunities that are offered. Your goal is to track down and claim cash that the government is providing as soon as possible. Be relentless about finding the dollars — and there are plenty of dollars available — to help operate your business and feed your family. original article here.