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Note: Make sure your financial projections support taking on additional debt and you have accounted for repayments.
For example: Consider offering online classes, family-style to-go meals, or delivery services for a fee. Be sure to think about opportunities to use existing resources (such as machinery, personnel, or processes) in new ways!
Tip: Reach out to businesses that sell complimentary products or services and already offer delivery to see if you can collaborate.
For example: Make sure your sick leave policies are current, flexible, and non-punitive and accommodate sick employees staying home to care for themselves, their children, or other family members.
Tip: Address items such as sanitation practices and safe distancing guidelines.
Note: CEF’s advisors provide helpful suggestions of an educational nature that are not intended to mandate or supersede the business practices or decisions of your Company, its owners, or managers. The information provided in this guide does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available herein are for general informational purposes only. You should contact your attorney to understand your rights and for legal advice about your specific situation.
This information was created in partnership with Northern Initiatives and participating entities through Initiate Prosperity. Check out the full library of small business resources on the Initiate Prosperity: Powered by CEF site.