May 28, 2020
During the past few weeks, the business conversation has quickly shifted to finding a viable way to reopen as all 50 states have entered phases of opening the economy. The three essential topics for today are PPP loan forgiveness, reopening your business safely, and what does the future hold for the traditional office environment?
May 14, 2020
My biggest takeaway in the past few weeks is the incredibly creative and entrepreneurial spirit of leaders during a crisis. Despite the unbelievable shock to the economy, I’ve heard many new business ideas in the past few weeks. As governments start to reopen the economy, it is now time for leaders to guide us back to prosperity.
May 1, 2020
The Paycheck Protection Program (PPP) is a lifeline that many businesses need to survive the COVID-19 crisis. The government acted quickly to fund the program but did it without firm guidelines. So, it’s not a surprise that we now see fraud and abuse in this critical small business program.
April 24, 2020
An additional $484 billion in government stimulus is ready to support small businesses, hospitals, and further COVID-19 testing. I expect the PPP funds to run out faster than the initial $349 billion. An updated FAQ from the Treasury Department addresses the public outcry of publicly-traded companies receiving PPP funds intended for small businesses. And while we wait for final guidance on April 26 for the forgiveness portion of the Paycheck Protection Program, here are three subjects to improve your remote workforce:
April 16, 2020
In less than two weeks, the Paycheck Protection Program (PPP) fund has run out of funds. For businesses that received funds and those still waiting for Congress to allocate more dollars, the focus remains on how to adapt and survive.
April 7, 2020
While off to a rocky start, the Paycheck Protection Program (PPP) is officially open, and, not surprisingly, applications are overwhelming banks. Send your positive or negative experiences with the PPP program to rob@simons.coach.
April 3, 2020
Today is the first day for banks to accept applications for the Paycheck Protection Program (PPP), a vital part of the CARES Act. While some banks are holding back from full participation, the stimulus program is an essential step towards keeping small businesses alive. Send me your experiences with the PPP program to rob@simons.coach.
UPDATE March 31, 2020: The U.S. Department of the Treasury released the official Paycheck Protection Program (PPP) Loan Application. It can be downloaded here from the Treasury website.
On Friday, President Trump signed the CARES Act, the largest stimulus package in the history of the U.S. All entrepreneurs and small business leaders should quickly determine how this package will impact their organization. At first glance, it seems like every small business should take advantage of the opportunity. Here are three resources to help you understand the CARES Act.
Thursday, March 26, 2020
We are experiencing a Black Swan event that is creating fear and uncertainty. Businesses must adapt quickly to survive. Fortunately, access to great ideas and actionable strategies are plentiful. To help you filter through the noise and see the important, below are the three things business leaders need to know today.