When the pandemic decided to mess with our businesses, I heard from a number of my B2B professionals and communications firm clients who had gotten comfortable in their office space and had to pull back to work from home. That was a headache … but the Pause gave them time to reflect in a new … Read More
It’s never a dull moment with the Paycheck Protection Program. It changes all the time! Just before the Independence Day holiday, the SBA released a shorter, simplified “EZ” forgiveness application and instructions for Paycheck Protection Program loans. In this short video, I share three qualifications that will allow certain solo and small firms to use … Read More
In addition to the Payroll Protection Program, the SBA extended its Economic Injury Disaster Loan program to cover businesses affected by the Coronavirus. Millions of small business owners rushed to apply … before they knew all the details. After a long wait – and lots of confusion – the SBA is now reaching out to … Read More
An allegory for entrepreneurs: >> A father said to his daughter: You graduated with honors, here is a car that I acquired many years ago … it is several years old. ⠀⠀⠀⠀⠀ But before I give it to you, take it to the used car lot downtown and tell them I want to sell it … Read More
The COVID-19 lockdown has forced lots of business owners to think differently about how their business operates. Because this may not be the last time there’s a lockdown, and no one wants to be taken by surprise like that again. A curious theme I’m hearing from some client recently is that while the quarantine was … Read More
I recently shared a couple of tools to stay grounded and balanced when facing events outside of our control. And it’s been a tumultuous few weeks and months, hasn’t it? Thankfully, this past week finally included some good news for solo and small firm owners. I know it’s hard to keep up … but once … Read More
We’ve all had a lot to shoulder recently — New Yorkers especially. We’re the epicenter of the Coronavirus. Roughly one out of every eight people killed by the disease in the world lived in the tri-state area. So we’re likely to be in lockdown well after everyone else can start moving about freely. Add to … Read More
When the Coronavirus hit, many thought the quarantine would last only 2 months. The PPP and EIDL benefits reflect this — covering only an 8-week period. So it’s quite possible the funding train will come to an end … and we won’t be going back to business “as it was” anytime soon. Which makes it … Read More
On May 15, 2020, the SBA and Treasury Department issued new rules regarding Payroll Protection Program Loan Forgiveness. NOTE: You need to APPLY for loan forgiveness. It isn’t granted automatically. You have until October 31, 2020 to fill out your application. Because this pandemic was unprecedented, the SBA/Treasury and others are building this plane as … Read More
NEWS FLASH: The SBA will consider any Payroll Protection Program loans issued for less than $2 million by definition to have been made in good faith. This new rule was issued MAY 13, 2020. This is a HUGE win for small businesses! Why is that an issue? When submitting a PPP application, solo and small … Read More
The Coronavirus Pandemic has affected more than just jobs. Business deals that were struck just a couple of months ago are unraveling, and for good reason. In this short, 3-minute video, I touch on a couple of legal terms you may be hearing in the news … that might be useful for you as you … Read More
While there’s a lot of media attention paid to the Paycheck Protection Program, many solopreneurs may not be eligible – or may choose not to participate. You need to look carefully at the eligibility requirements including the amount of compensation you can document, your business’s net profits, and the record-keeping detail required in how you … Read More
