Business owners preparing to reopen shouldn’t expect a return to business as usual. New safety regulations and consumer behaviors will force many businesses to rethink fundamental aspects of how they operate.
For many business owners, just keeping staff on payroll will be a huge challenge, even if you’ve received Paycheck Protection Program funds. This is where entrepreneurs need to get creative.
That’s according to Marilyn Landis, CEO of Basic Business Concepts, which provides CFO services to small companies. Landis spoke at the National Small Business Town Hall, a live webinar hosted by Inc. and the U.S. Chamber of Commerce, on Friday, May 15.
Here are three ways to avoid pitfalls while reopening your business.