PROSPER OR PERISH #10 by Stephen Gross. Click here to read past issues.
PPP has now run its course, and EIDL loans are still working their way through the SBA. We are hearing that D.C. is planning a more targeted relief package for the summer or fall, but details are sketchy.
Covid-19 is accelerating again, caused by a reaction to partial and full re-openings after a three (3) month lockdown. We haven’t learned discipline to wear masks universally or distancing from others, and we are seeing groups gathering in protests, at the beach, at bars and clubs, most not wearing masks, in close quarters, and ignoring risks. This will result in increased infections, hospitalizations, and consequently deaths.
The Pandemic is not over. Either our behavior must change, a vaccine developed, or other protocols developed to minimize the strength and danger of the virus.
We are in a period of transitions. To what is now uncertain, but we know that our business and personal lives will not be the same, in two months, six months, or a year.
Our recommendations for your business include the following actions.
Stephen Gross, CPA, CGMA, CVA, CFE — EVP of Hegemon Holdings and Co-Founder of Trusted CFO Solutions — is a big picture thinker and connector, with 40 years of rich and diverse experience in the C.P.A., business consulting, and venture capital worlds. Steve was an early adopter and evangelist of cloud-based accounting, as well as the concept of a virtual C.F.O. or Controller as a method of outsourcing the position in small businesses and startups. Learn More About Steve…
Say goodbye to spreadsheet reporting and manual consolidations and start using a cloud-based financial management system.
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