Episode 9: Handling COVID-19 As A Small Business

Small Business Survival During Coronavirus COVID-19

As much as you can plan for the growth of your business, there will always be unexpected and unplanned things that come up. A pandemic, like COVID-19, is definitely one of those “unexpected” items. But, just because it was not planned for, does not mean that you can’t spring into action and put together plans now. COVID 19 has been hard on everyone, but particularly for small business owners.

Planning During COVID 19

While, we too are navigating the situation as it arises and changes, we have implemented several things already. Making sure that the company can survive COVID-19 and all of the government shutdowns is the most important thing for us. We want to be sure that our employees have a company to come back to. But, how do we do that?

In this COVID episode, we are doing a deep dive on the questions on all small business owner’s minds right now –

• How do you survive this as a small business?
• Am I essential?
• What have we done so far?
• What can we apply for?
• How do we handle staff and overhead?
• What's the plan?

We discuss resources as well as what we have done and plan to do as we continue to monitor this pandemic situation. How you react/act during times of uncertainty can make all the difference in how your business looks coming out of the crisis.

Episode Breakdown –

00:51 How’s Franchise Development Going?

01:46 Your Company Is The #1 Thing You Need To Protect

02:40 Employees Need A Company To Come Back To

04:00 Don’t NOT Make A Decision At All

05:10 Plan Quickly & Get Counsel

06:29 Transparency With Team

07:16 Winter Shifted To April

09:23 Getting Over The Disappointment Quick

10:40 First Thing We Did As A Business

11:15 Phase 2 – Layoff Team

15:30 Sharing The Burden Of Information

16:34 Importance Of Communication With Management

17:40 In Times Of Crisis, You See What People Are Made Of

22:00 Teamwork Is Essential During This Time

26:10 Enjoy Time With Your Family

27:00 Video Updates Once A Week

27:45 Apply For & Negotiate Everything

28:39 Don’t Plan For Bailout

30:24 Time To Invest In Yourself

33:20 Parable Of The Talents

36:20 Givers Gain