Right now things are scary for small business owners. The coronavirus pandemic has forced many businesses to close and even online businesses are feeling the impact.
If you’re like me, you may be wondering what you can do now to prepare your finances for more changes and uncertainty. Which is why I’m hosting a live workshop on how to create a financial emergency plan for your business.
This workshop is NOT about scaring you or worrying you about your finances. It’s about putting a safeguard in place so you can approach any financial changes from a pro-active, grounded place.
In this two and half hour workshop, you’ll learn how to make a financial emergency plan for your business.
- Identify your money values so you know that your financial decisions are aligned with your values.
Find your bare minimum revenue number so you know exactly when it’s time to implement your emergency plan.
- Prioritize your personal and business expenses from the most essential to the least essential and group each expense into three rounds of cost cuts. You’ll also set financial indicators for when you should implement each round of cuts.
- Assess how your revenue will be impacted, estimate your losses, and generate ideas for pivoting your revenue.
- Discuss SBA loan options for businesses impacted by COVID-19 and small business grants. We’ll talk about the pros and cons of each one and best practices for applying.
Andi Smiles, small business financial consultant and coach, teaches rad business owners to take control of their finances so they can step into their personal power.
She’s helped hundreds of self-employed folx organize and understand their business finances, while also uncovering their emotional relationship with money. Using her signature income forecasting process, Andi helps her clients identify their big wild dreams and create a profit plan to get there.
Andi’s core belief is that when business owners are engaged with their finances, their personal awareness around money deepens, creating more sustainable and authentic businesses. She loves helping business owners connect with and feel good about their finances- no matter how many dollars are in their bank account.
Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions, or recommendations expressed are those of the author(s) and do not necessarily reflect the view of the SBA. All SBA programs or cosponsored programs are extended to the public on a nondiscriminatory basis. Reasonable accommodations for persons with disabilities will be made, if requested, at least 2 weeks in advance. Contact: Erin Morris, firstname.lastname@example.org, (415) 348-6227.register here