Tips to Steer Your Business Through Uncertain Times in 2020
So your business has survived the pandemic to date (along with avoiding floods, fires and the murder hornet).
Here is some advice to continue your strong and willful path toward continued and improving business health and success.
1. Assess your business health insurance plan for the Open Enrollment period
Take time to revisit what you offer your employees in terms of health insurance and benefits to identify savings, new important perks and more. Working with an unbiased and licensed agent can help alleviate the often confusing and detailed process. An agent can conduct a cost analysis on what a group health insurance policy could cost your business, compared to what you currently have, if anything.
2. Stay tuned to any additional government assistance: due to the pandemic where it applies to you, such as taking advantage of the Clean Start: Back to Work Tax Credit Act Introduced in U.S. House of Representatives—if and when it passes this year.
This important legislation would provide a tax credit to businesses helping ensure they are properly cleaned and disinfected as stay-at-home restrictions are lifted and helping prevent further infections. At the time of this writing, you can monitor the progress of the Act and send a message direct to your appropriate legislator.
3.Check out grant opportunities for small business
This resource covers different groups, such as:
• Veterans
• Disabled veterans
• Women veterans
• Minorities
• (FAST) programs for innovations and R&D
• State Trade Expansion Program (STEP)
• Microentrepreneurs
4. If your business needs assistance: perhaps a brush up, a business coach or consultant but can’t afford any of these services. Check out this nonprofit resource: SCORE. For more than 50 years, SCORE has served as America’s premier source of free business mentoring and education. This group also has a mentorship program and a Hispanic Business Owners Hub.
Since these resources either help you save money or can offer a lot of wisdom and assistance at no cost, it is worth a time investment to see if any or all can benefit you now and in the future.
