
Business Insurance Coverage Questions RE: Covid-19
The link below update focuses on insurance coverage relevant to an employer. Insurance may play a key role in insulating businesses from labor-related losses, as well as other COVID-19 induced harm. Topics include Workers Compensation, Employment Practices Liability Insurance, Business Interruption Insurance, Directors and Officers Insurance, Key Person, and other types of insurance. Source:...Read More
Covid-19 Business Assessment Tool
Below is a tool that some Private Equity portfolio companies are using to assess the risk areas in their businesses and develop an action plan to address them. One of the things that many crisis management experts advise, and much of what we learned from the 2008-2012 Great Recession, is that it is critical in times of significant turmoil and uncertainty to: Understand and actively track what...Read More
Small Business Guide and Checklist for Covid-19 SBA Emergency Loans
The link below will provide an overview from the US Chamber Of Commerce to help guide small business owners through the SBA emergency loan process. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100%...Read More
SBA Standard Information Brief On EIDL Program
The U.S. Small Business Administration’s (SBA) low-interest Economic Injury Disaster Loans (EIDLs) are now available to small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations affected by the loss of revenue due to the Coronavirus. As of 3.24.20, the below provides details for Economic Injury Disaster Loans- eligibility requirements,...Read More
Covid-19 Employer FAQ’s
The COVID-19 crisis has impacted the world in so many profound ways, one of which includes how businesses manage their relationships with their employees. The following FAQ addresses several questions businesses are raising in regard to employment-related issues created by the unprecedented COVID-19 situation such as leave, safety, wages, benefits, taxes, and possible insurance coverage....Read More
Covid-19 Small Business Resource Update As of March 23rd, 2020
Federal Changes- below is an update on items affecting/supporting small businesses as of 3.23.20. Naturally, items are changing rapidly, and we will continue to provide future updates. SBA Disaster Assistance – Available NOW– get started here. Economic Injury Disaster Loan Program: Activated by States “Emergency” declaration- Loan amount up to $2 million – 3.75% business, 2.75%...Read More
Finding the Best Business for You
Owning a business and owning the right kind of business for you are, of course, two wildly different things. Owning the wrong kind of business can make you absolutely miserable. So if you are considering buying a business, it is prudent that you invest the time and effort into determining the best kind of business for your needs and your personality. In a recent Forbes...Read More
BizBuySell’s Annual Insight Report- 2019 Small Business Market: Uncertainty Creates Opportunity and Risk
BizBuySell’s Annual Insight Report shows that while small business sales still remain at historically high levels, 2019 transactions took a five percent dip from record-setting 2018 levels. The number of small businesses that changed hands in 2019 dropped slightly compared to last year according to the latest BizBuySell Insight Report, a nationally-recognized economic indicator that...Read More
Tackling Growth Delusions When Buying a Business
There is no doubt about it, it can be exciting to buy a new business. However, in the process, it is very important that you don’t become unrealistic about future growth. Keep in mind that in the vast majority of cases, if a business is poised to quickly grow substantially, the seller would be far less interested in selling. Richard Parker’s recent article for...Read More