There is so much information about COVID-19, so we’ve decided to distill this for you, offering you the most important and relevant information about navigating this from a business perspective. You’ll find resources here on planning financially, working remotely, helping your employees cope, and leading with excellence during a crisis.

We will continue to update the resources found here as there are new developments and programs available.

As always, I’m here to offer any guidance you need on concerns about your business and business continuity.

This too we shall overcome!

Craig Maxwell

Good News About the COVID-19 Virus from Peter Diamandis

Read Blog Here

MORE GOOD NEWS ON EFFORTS TO END COVID-19!

Read Blog Here

SBA Disaster Loans:

https://www.sba.gov/disaster-assistance/coronavirus-covid-19

Apply for a loan as soon as it's available. After they determine if you qualify, you will receive funds in 2-3 weeks. Apply even if you think you won't need it. You can always say NO.

MultiFunding has also put together a community site to help business owners navigate through the SBA loan process during these confusing times:  https://multifunding.tribe.so/

90 Day Financial Planning:

Meet with your CPA and/or Controller/Accountant and create a financial plan for the next 90 days. Re-evaluate this plan every 1-2 weeks to see if you need to adjust.

Stress test your cash! Alan Miltz’ SaaS tool for managing cash – no charge for 3 months – stress test your cash with just 6 numbers from your financials. www.cashflowstory.com/stresstest

Consider adding an expense line item called COVID-19 and dump off all expenses in there including your staff and personal time spent dealing with a crisis – this 30 second video by Ron Lovett, author of Outrageous Empowerment, will explain why it will make it easier to apply for government assistance if and when it comes available. https://www.linkedin.com/posts/ron-lovett_outrageousempowerment-activity-6646137020743761920-N9Uo

Stabilizing Your Business: Improvise, Adapt, Overcome.

With constant changes brought on by the pandemic of COVID-19, your business may be presented with cash flow challenges and opportunities you may have never faced before. To respond to these changes, look no further than a motto with which you are familiar: Improvise, Adapt, Overcome. The slogan used by the United States Marine Corps outlines steps you can take to combat the challenges you are facing as you make decisions that will be key to the survival of your business. Read details on this strategy here: https://www.cricpa.com/stabilizing-your-business/

Financial Crisis Management Templates from CPA and Author, Greg Crabtree. Will you have the capital needed to get back to pre-Covid19 profitability levels (or better)? Resource here: https://simplenumbers.me/crisismgmt/

Top 6 Best Practices For Businesses Amid COVID-19 from business coach, Ryan Markel

https://petracoach.com/top-6-best-practices-for-businesses-amid-covid-19/

Scan the article for details, but in a nutshell:

  1. Prioritize Issues of Greatest Urgency
  2. Triple Your Communication
  3. Work from Home
  4. Use Video Conferencing
  5. Manage Your Cash
  6. Look for Opportunities to Do Something Extraordinary