The U.S. Small Business Administration (SBA) is hosting National Small Business Week from September 13-15 in an all-virtual summit, honoring the nation’s 31 million small businesses and their perseverance, ingenuity, triumphs, and creativity amid unique challenges brought on by the global pandemic.
This is the fourth post in a series on the basics of building a more resilient business to help you navigate unforeseen challenges.
Now that the Paycheck Protection Program’s (PPP) loan forgiveness is underway, the U.S. Small Business Administration is making changes to its forgiveness process to help streamline the review of revenue reduction documentation.
While small businesses await further guidance from the agency, here are some key things to keep in mind as you navigate the PPP loan forgiveness process.
Revenue Reduction Score (RRS): What is it?
This is the third post in a series on the basics of building a more resilient business to help you navigate unforeseen challenges. Check out our post on building your online presence and protecting your small business from cyberattacks. Stay tuned for future posts in this series!
This is the second post in a series on the basics of building a more resilient business to help you navigate unforeseen challenges. Check out our post on building your online presence and stay tuned for future posts in this series!
With COVID-19 restrictions easing around the country, small businesses are reopening their doors to the public and preparing for a busy season. Many business owners are looking for information about how to reopen safely to reduce the likelihood of COVID-19 transmission in the workplace, and preparation is key for a smooth transition.
Here are four ways you can help educate your employees as they return to the workplace.
Communicate with your employees
The pandemic’s harmful effects have forced many entrepreneurs to reevaluate their business model. More than a year since the global health crisis paralyzed our communities and economies, small businesses are looking for ways to make their business more resilient to crises and connect with their consumers online. With this in mind, we put together a checklist for entrepreneurs to review as they pivot their businesses and build their online presence.
Many California small businesses would like to offer retirement options to their employees—to help attract a talented workforce and boost employee morale—but can’t afford the overhead and administrative costs. The state now requires that all businesses with five or more employees facilitate employee participation in CalSavers if they don’t already have a retirement plan in place. Businesses are being phased into the program over time based on their number of employees.
The Centers for Disease Control and Prevention (CDC) recently announced updated guidance for people who are fully vaccinated against COVID-19, which would allow them to forgo wearing masks or physically distancing in public settings except where required by federal, state, local, tribal, or territorial laws, rules, and regulations, including guidance established by local businesses and workplaces.
In the last year, the business landscape has dramatically shifted for small businesses, prompting them to rethink their business strategy and adapt in order to survive the pandemic. From constant changes in masking orders, workplace capacity and reopening guidelines, small business owners need guidance on how to operate and thrive while the economic recovery is underway.
