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re: When did PPP 8 weeks start?
Posted on 5/8/20 at 11:01 am to RedStickBR
Posted on 5/8/20 at 11:01 am to RedStickBR
quote:
This is a difficult situation. I hope you make it through okay. I know for us, one of the silver linings of all this is that it’s forced us to pull expenses back as much as possible given a sudden shock in demand. As a new business, that’s the first time we’ve done that, and it’s been a great experience to see those plans play out successfully in real time.
I will survive, my business will be here in 2021. My question I'm asking myself right now and crunching numbers on, is how much business should I even try for in 2020.
What I'm saying, is I'm considering essentially shutting down outside of what I can personally handle until this is well over and on the upswing.
At this point its investing for 2021. Why bust my arse and keep people to still break even or possibly take a bigger loss for 2020, when I can instead go into basically hibernation mode and reenter 2021?
With no dates for the future, I'm worried if I continue to invest in 2020 I'll come out worse for 2021 with more debt and a harder time rebounding.
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