Responding to the Unexpected
Overview
The novel coronavirus disease 2019 (COVID-19) and the response to this pandemic have created an unprecedented, fast-moving, and challenging environment. Join guest Chris Schumann and host Damien Martin for the first episode of a three-part series focused on helping you respond responsibly to COVID-19. They share practical advice and key action steps businesses and their owners can take to confront the unexpected business challenges of the current situation. Here’s what’s covered:
- This situation is different @ 3:24
- Cash is king @ 5:33
- Don't overcomplicate it @ 8:08
- Mistakes from the past @ 10:31
- The people perspective @ 22:45
- A lesson from 2008 on transparency @ 25:26
- Inventory @ 28:03
- Constant communication and reassurances @ 32:16
- Impact on transactions and deals @ 36:40
- Closing thoughts @ 39:01
For episode two in this three-part, COVID-19 Series, see Payroll-Related Relief.
For episode three in this three-part, COVID-19 Series, see SBA Loans After CARES Act.