We’re facing an unprecedented widespread economic shutdown caused by Novel Coronavirus (COVID-19). For businesses deemed non-essential, it’s a time of uncertainty and anxiety.
- How can you take a defensive stance when revenues and cash flow are interrupted?
- What can you do to pivot your business model, to make the best of a bad situation?
- Are you eligible for government aid and assistance through new or existing programs?
It’s important to evaluate your options and determine a sound course of action as the pandemic drags on.
Thanks to a wide range of relief efforts, businesses forced to close or pivot due to COVID-19 have options. From the Coronavirus Aid, Relief, and Economic Security (CARES) Act to the Families First Coronavirus Response Act (FFCRA), trillions of dollars have already been allocated…and more is anticipated.
Though the situation seems dire, businesses that capitalize on these opportunities and make long-term plans will be better positioned to succeed in the wake of this disruptive pandemic.