First, take a moment and BREATHE. Breathe again - deep breath in - longer breath out. One more time.
Okay, as of today, it is hard to know how long things will go on and what to expect. And with all the news, things can seem overwhelming and scary. A few things to think about:
Focus on the things you can control.
Take small steps - don’t try to do it all at once.
If things are working - no need to make changes.
And while it may be hard to see it at the moment - we will be okay.
For some, the concern around cashflow is top of mind. While we don’t have all the answers, here are a few resources to get you started with actions you can take to make some shifts or get help.
For Your Business
Managing Your Cash Flow During the Coronavirus Crisis - daily webinars keeping you updated on the latest news around status of SBA emergency programs, loans, tips to negotiate deferments on current loans, etc.
MN Department of Employment and Economic Development - Information & Resources
SBA’s Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease
2020 Ultimate List of U.S Small Business Grants - an article from bench.com - but full of links and information about where and how to apply for small business grants.
How to Pivot Your Small Business - podcast from Natalie Eckdhal of BizChix Inc.
FAQs and Tips for MN Businesses: COVID-19 - Information for business owners on various questions they may have such as temporary layoffs, business assistance, etc. put together and updated by Davis Sensman
FOR YOUR PERSONAL FINANCES
How to Manage My Financial Portfolio During this Emotional Period - great article from BWC Member Robin Edgar on managing your portfolio without freaking out right now.
Organize Your Finances, Optimize Your Life - from BWC Member Angela Alvig - this article helps you work through and organize your personal finances.
Suffering Through Your First Financial Crisis? Read This to Relax - from the New York Times
Continue the sharing and discussion in the comments. We’re here for you!