Resource Links: 

• Download the framework at Destiny Capital (https://www.destinycapital.com) 
• If you need someone to talk things through, get into a phone call with us now (https://www.destinycapital.com/contact-us)

 

With most areas in the Western world implementing social distancing and quarantines, we are facing government-mandated business shutdowns. Everybody is going through pain during this highly emotional situation. The massive economic productivity loss expected from this shutdown is the unfortunate outcome that business owners should prepare to deal with. 

In today’s special episode, Tiffany and Jarrod give a framework for examining your cash needs and the available business prospects during this difficult time. They’re both in this to help you look at the whole picture of your resources, constraints, and what the future looks like. They also share the opportunities that come up, which you can take advantage of.

While risk levels remain high, so do opportunities. If you’re an entrepreneur looking to rise above this crisis, tune in now.

 

We’ll be talking about: 

1. Taking a look at your cash burn [05:41] 
2. Separating needs from discretionary expenses [07:27] 
3. Examining your business risk from the disruption [18:00] 
4. What’s best for employees: furlough vs. temporary layoffs [19:48] 
5. Lowering your business expenses [22:23] 
6. Should you inject personal money into the business [25:27] 
7. Opportunities for problem-solving [27:07] 
8. The need to do a clear-eyed evaluation [30:12]
9. What’s important right now [33:51]

If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.  

 

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• Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
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Disclaimer: In the midst of this challenging time, the Already Successful team wants to give entrepreneurs all the information that we can provide to help them in their decision-making. But as our government is still reacting to the ongoing crisis, bills and measures could come out, which may contradict the opinions we have given.

See omnystudio.com/listener for privacy information.