Discuss your coronavirus challenges and build trust. The following steps can help you as a small business owner to establish a collaborative relationship with your lender: It is important to prepare projections that demonstrate how you anticipate your business will …
Stay informed about your contractual rights by locating key documents and critical language within them. Throughout the course of your business’ operations, most small business owners execute a wide variety of documents including leases, distribution and supply agreements, employment agreements, …
The Coronavirus crisis has created a unique landscape with respect to distressed companies. Historically, companies that are experiencing significant difficulties are advised to keep the company’s financial circumstances secretive because openly discussing your company’s struggles with creditors, like landlords and …
Make sure that your business can properly function once it’s open again. Most businesses, including your suppliers, have endured significant hardship and continue to suffer. As a result it is important to make sure that you, as a small business …
While there is no way of knowing when your business will be able to reopen, there are ways to take control of your fate. As a result, you should find ways to maintain liquidity, or in other words, maximize the …
As a small business owner, your life revolves around building your brand and growing your business. Over time, you managed your business without needing to reassess how you or your business is operating or make any material changes to how …
The Coronavirus has impacted many businesses and industries, including the Cannabis industry. The effect that Coronavirus closures and government regulations concerning the distribution of Cannabis has created uncertainty as it relates to the future of the industry. To make matters …
