Beating COVID-19: Tips for Your Insurance, Finances, and Business - May 22, 2020

May 22, 2020
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News. Insights. Analysis. Inspiration.

 

Today's Key Question:

Does it appear to you that the people making decisions regarding the pandemic are out of touch with the citizenry?

  

"Small Business Loan Eligibility: Which Documents Do You Need?"

From MyCorporation:

* As business owners start to apply for PPP and additional small business loan funding, many may need to provide additional documentation. Lenders require certain documents before entrepreneurs can be approved for a small business loan.

What if you don’t know which documents you need? You might feel frustrated trying to figure which paperwork to file. In addition, lenders are encouraging those that need PPP assistance to apply quickly. The sooner they apply, the faster they may qualify for critical funding relief. If you don’t have the proper documents, it’s easy to feel worried you won’t be able to obtain them fast enough for these financial relief efforts.

 

"How To Pivot In A Time Of Crisis"

From Forbes:

* In other words, we earn the right to improvise based on our preparation.

As organizations respond to challenges brought by the coronavirus, some businesses are finding that they need to pivot. However, not all organizations have experience making such rapid changes. If there is a business lesson that can be learned from today's difficult times, I believe it is that to be agile and adaptive, we must first put in the work to be disciplined, focused and structured.

 

"Best Money Saving Apps for Business People"

From Small Biz Trends:

* Money saving apps can help you with careful expense management to preserve profits and set aside a business emergency fund.

  

"Key Actions a Business Can Take to Mitigate the Effects of COVID-19"

From Business Magazine:

* As per one recent study, 27% of small business owners believe that COVID-19 will affect their revenue. This has started happening as many businesses, including mid to large-size enterprises, are getting negatively affected due to the coronavirus outbreak and its consequences. SmallBizTrends recently surveyed many businesses, out of which 52% say they have started taking measures to prepare for the anticipated economic slowdown. They are switching suppliers, increasing product prices, and cutting operating costs/managing cash flow. It is true and so far has proven right that preparation is the key to crisis management.

* Following are some actions that you, as a leader, can take to make sure your organization withstands that is yet to come.

 

"Victor Davis Hanson: The ‘Credentialed Class’ Keeps Getting It Wrong On COVID-19"

From Daily Wire:

* “We need to focus on those three states and ask ourselves why 11 or 12% of the population has suffered 55% of the fatalities,” he said. “Is it the weather? Is it population density? Is it elevators and subways? The credentialed class has been wrong on almost everything and the people have lost confidence because they don’t address these basic practical questions that people want answered for.”

Furthermore, Victor Davis Hanson noted that the hypocrisy of the expert elite has severely hampered people’s confidence in their abilities, from U.K. professor Neil Ferguson violating his own lockdown order for an extramarital affair to billionaire Bill Gates telling the United States to ease its criticism of China.

  


Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here