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COVID-19: Business Survival Tips

Faviola the CEO Hustler

COVID-19: Business Survival Tips

Business Tips that every Entrepreneur needs to do

Some of the top CDC-Recommended Tips that small business owners can take to mitigate risk, protect employees and support customers during the COVID-19 pandemic

As of February, we all started to see major changes in the economy, virus, etc and now we know that COVID-19 pandemic is spreading at a much faster pace – faster than we have ever seen with past viruses.

 

And as the situation evolves, many families including small business owners, entrepreneurs, freelancers are unsure of what steps to take to mitigate risk, protect their business; employees, but also support customers.

 

Here’s a
FREE Tool Kit.

 

Here are additional tips that I would also like to share with you during this COVID-19 crisis:

  1. If you are NOT working at home make sure to establish a Remote Work Option
  2. Reduce all meetings and/or travels
  3. Establish some work flexibility in order to protect your employees/workers/freelancers, etc.
  4. Communicate effectively and transparently with your customers and make sure they also understand your new policies (if any) during these difficult times.
  5. Stay safe, clean and healthy
    1. No handshaking
    2. Wash your hands
    3. Do not touch the face
    4. Disinfect areas

During these difficult times, we tend to watch the news, listen to the radio, social media and 8 out of 10 times we are receiving conflicting and misinformation.

 

I highly recommend that you stick to one channel to AVOID CONFUSION:

  1. Follow your City, County, and State news for accurate and up to date information
  2. Also, make sure to sign up or follow updates with the SBA or US Chamber of Commerce to get information about potential help during these difficult times.
  3. Also, try to consider obtaining “interruption insurance” because that may be an option for you in case of significant business losses.  Ask your insurance broker.
  4. Re-evaluate your financial situation;
    1. Decrease your unnecessary costs
    2. Create a new financial plan
    3. Start saving if at all possible
    4. Search for small business loans, disaster assistance loans, forbearance payments, hold or freeze your credit card payments.  

This is the time to be proactive and search for help, but also try to minimize all your costs, plan for the future, and more importantly prepare for the worst.

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Boss Up and Rise Podcast

Hi, I’m Favi ‘the CEO Hustler’

A multi-passionate Entrepreneur, business coach, professional interpreter, interpreter trainer, and problem solver. I’m dedicated to helping you start, scale, and build the foundation your business needs that in return will provide you with the opportunity to do what you love all while earning your worth!

When I’m not working & helping my clients, you can find me traveling with my family; camping, hunting, hiking, skiing, jet skiing, dancing or sipping a glass of wine, or drinking margaritas or a Corona.  Yes, we love to have fun!

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