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How does a small business owner survive?
Posted on 3/16/20 at 3:10 pm
Posted on 3/16/20 at 3:10 pm
If you're someone who owns a small business and you don't have anyone to pay you paid sick leave, and then you're forced to stop working for a long period, how do you survive?
23
Posted on 3/16/20 at 3:12 pm to Roll Tide Ravens
The left wing is hoping they don't. They see this virus as a political opportunity and could care less about the welfare of the citizens
Posted on 3/16/20 at 3:12 pm to Roll Tide Ravens
you don't, JBE and others have killed small business. Its more chains from now on
Posted on 3/16/20 at 3:12 pm to Roll Tide Ravens
Trump Will Not Let That Happen To You
Posted on 3/16/20 at 3:13 pm to FredBear
quote:
The left wing is hoping they don't.
Shits bad enough without you people trying to make it worse
Posted on 3/16/20 at 3:13 pm to Roll Tide Ravens
I empathize and it is horrible. I hope most small businesses were smart and took having a healthy balance sheet very seriously.
Posted on 3/16/20 at 3:13 pm to Roll Tide Ravens
"If you can't afford to pay your employees during this, you don't deserve to be in business"
Literally heard this earlier today from and early 20's "educated" person
Literally heard this earlier today from and early 20's "educated" person
This post was edited on 3/16/20 at 3:14 pm
Posted on 3/16/20 at 3:13 pm to Roll Tide Ravens
quote:
who owns a small business
Ask the restaurants and bars that are being forced to close... Most will not survive if they are small businesses...
Posted on 3/16/20 at 3:14 pm to Roll Tide Ravens
if i dont make cuts and/or lay people off, maybe 2 months at this rate.
ive always kept 6 months operating costs available as cash in savings, but that was assuming a sustained worst case scenario of 50% reduction in revenue for that time frame.
its looking like an 80% reduction in revune for me right now.
ive always kept 6 months operating costs available as cash in savings, but that was assuming a sustained worst case scenario of 50% reduction in revenue for that time frame.
its looking like an 80% reduction in revune for me right now.
Posted on 3/16/20 at 3:14 pm to Henry Jones Jr
quote:
"If you can't afford to pay your employees during this, you don't deserve to be in business"
The problem is, most small businesses (and even non-small businesses) can't function if they are forced to shut down for months. My Dad's business always makes payroll, but the idea of not working for weeks is unimaginable.
This post was edited on 3/16/20 at 3:16 pm
Posted on 3/16/20 at 3:14 pm to Old Hellen Yeller
quote:
Shits bad enough without you people trying to make it worse
Now that's rich
Posted on 3/16/20 at 3:14 pm to SevenLinesofPine
quote:
Trump Will Not Let That Happen To You
I love this posterPosted on 3/16/20 at 3:15 pm to Roll Tide Ravens
I'm way more concerned about small businesses than big corporations in the long run.
Disney and Google and Exxon are going to be around just fine after all this.
Small businesses are the ones in real danger.
Disney and Google and Exxon are going to be around just fine after all this.
Small businesses are the ones in real danger.
Posted on 3/16/20 at 3:15 pm to Roll Tide Ravens
quote:I'm aware. The person I referred to responded to someone telling them that
The problem is, most small businesses (and even non-small businesses) can't function if they are forced to shut down for months.
Posted on 3/16/20 at 3:15 pm to Roll Tide Ravens
According to the financial geniuses around here, just go buy gift certificates from them and that will handle it.
Posted on 3/16/20 at 3:16 pm to Henry Jones Jr
quote:
"If you can't afford to pay your employees during this, you don't deserve to be in business"
Literally heard this earlier today from and early 20's "educated" person
And that same 20 year old wants the government to give him $1000 to help him through theses hard times.
Posted on 3/16/20 at 3:16 pm to Roll Tide Ravens
Disaster insurance?
Posted on 3/16/20 at 3:19 pm to Roll Tide Ravens
You don’t/aren’t suppose to. Take your $2k per month UBI and live modestly. Don’t question your federal government.
Posted on 3/16/20 at 3:19 pm to Roll Tide Ravens
quote:
forced to shut down for months
That's the key point for us. Approximately 40% of our business is overseas, and 2/3rds of our competition is overseas.
If we have to shutdown for several months, not only do we lose that revenue stream for that time frame; we very well could lose some of them for longer durations as our competitors will have the opportunity to step in and serve them.
Posted on 3/16/20 at 3:20 pm to Roll Tide Ravens
Hard work and a good drive, like how the right believes all small businesses succeed?
On a serious note, they'll get help from the evil government to save them.
On a serious note, they'll get help from the evil government to save them.
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