TAKE CARE OF YOURSELF BEFORE YOUR BUSINESS
Yes, you! We know it’s hard but it’s important to not stress. Easier said than done, right? We know it’s hard because the whole world is stressed. It’s critical to take care of yourself first. If you’re not at your best then your company can’t be at it’s best. When we don’t get enough sleep, eat well or stay active and healthy, it can be hard to make difficult decisions because we are not in the best headspace. It’s okay to step back, reassess and prepare for what is to come next.
TAP INTO FINANCIAL RESOURCES
Small businesses are more vulnerable compared to larger corporations. According to the federal government’s Small Business Administration, only about half of small businesses last longer than five years. Especially in times like these with costs like rent, payroll, and utilities there is very little cash flow available. It’s okay to ask for help, really. Our government has initiatives and packages to help small businesses succeed during the pandemic. Also, be transparent with your financial lender or banker. Many are willing to defer payments and work with small business owners to help keep their business afloat.