The coronavirus is impacting more than time people’s physical state — it’s impacting their business health, extremely. Small-scale business owners are certainly feeling that pain: Most small and medium-sized businesses keep going a tighten fund, and because of the pandemic, they’ve had to temporarily — if not permanently — close their doors.
According to a recent U.S. Chamber of Commerce Special Report on Coronavirus and Small Business, 43% of small business owners believe that they can only last about six months in a temporary shutdown before they’ll have to close their doors for good.
Here’s all of our coverage of the coronavirus eruption, which we will be updating every day.
On the bright side, help is on the way in the form of direct money pays, catastrophe credits and special business tax breaks. But, understanding what is available, who is eligible and how to apply is a whole other issue.
Score, a non-profit marriage of the Small Business Association, has put together a website to help small business owners get answers to their questions and to guide them during these tough financial seasons. It’s called the Coronavirus Small Business Assets Hub, and it features mentoring, online workshops and other online resources for small business owners who are looking for guidance.
How Can the Coronavirus Small Business Resource Hub Help You?
Here’s what you can expect to find on the website.
During the current pandemic, having a guide through the uneasy water could be extra profitable. Through the hub, small business owners can be paired with a mentor, one of Score’s 10,000 volunteers who are able experienced business leaders. They can be matched by location, and the mentorship can be handled via phone, email, video conferencing, or even face-to-face.
Mentors can help small business owners navigate difficulties in all areas of business including commerce, staffing, scaling and budgeting.
Mentorship is a free work of SCORE and the hub.
The website also offers a number of free or low-cost online shops and live webinars. These stray from local workshops to webinars addressing the difficulties of the COVID-1 9 pandemic. Some upcoming webinars include 😛 TAGEND
You can read more about these live webinars now. Additionally, there is a library of recorded webinars with topics straying from social media to imposition suggestion to diversity inclusion.
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Go-To for Coronavirus-Related Reaction
The government is trying to help small businesses, right? How are they doing it? Where’s the money and how does a business owner apply for it? Who modifies? These are just some of the questions at the top of business owners’ intellects right now.
If you’re not looking for a workshop, but just need answers to some of your questions about coronavirus and how businesses can survive this difficult time, the hub has a library of helpful articles.
You can find information on Small Business Association loans and the CARES Act, as well as tips on maximizing cash flow during downtimes. There’s even information on grants that are currently available.
Tyler Omoth is a contributor to The Penny Hoarder.
This was originally published on The Penny Hoarder, which aids millions of books worldwide give and save money by sharing unique job opportunities, personal legends, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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