A man gets a hair cut at a hairdressing salon in Sevres, outside Paris.In order to reopen safely and profitably, business coach Bob Prosen counsels his clients to follow a detailed, seven-part plan to keep your strategy on course as circumstances change rapidly. The founders of The Bronx Night Market weren't able to open their monthly food festival this spring, but they continue to engage their followers on social media.
Because at least 75% of a loan must be used for payroll, Curry and his clients have had to get creative about conserving cash. In some cases, that means bartering for goods and services.The founders of a beverage startup explain the crisis checklist they're using to reevaluate 2020 goals and navigate their business post-coronavirusCourtesy of Sunwink
The founders of beverage startup Sunwink created a crisis checklist to navigate their priorities during the coronavirus pandemic and prepare for the months ahead. Their checklist includes how they're conserving cash flow during a time of financial uncertainty and why it's important to over-communicate with their team. They're also prioritizing company culture and their employees' physical and mental health with weekly meditations and herbalism classes.
A woman gets her nails filed at a nail salon amid in Austin, Texas following a slow reopening of the Texas economy.Hostel owner Deidre Mathis advises entrepreneurs to keep six months of working capital in the bank for emergencies. She said these months of economic turmoil provide an opportunity to improve your business. She shared her six steps for using this time effectively, from reviewing operating procedures to training staff.
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