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03-26-2020, 09:25 AM | |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
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Hey Small Business Owners...What are you doing to ride the storm out?
How are you handling HR issues?
Are you applying for SBA loans? There are several types of loans. And new info is appearing daily. Capital up to $10MM. Up to 30 years to repay. Some actually are forgivable. 3.75 to 4% https://disasterloan.sba.gov/ela/ https://www.inc.com/kevin-j-ryan/sma...incthismorning My world: Everyone at the software companies are working remotely. The chocolate factory shut down yesterday due to not be considered an essential business. The chocolate elve had already left due to health concerns. I handle all the commercial rentals myself so no impact: I don't intend to lay-off anybody...if this stretches into June or July...then we may look at cutting salaries by 25 to 50%. With the $1,200 everyone is getting already from the gov, and the 4 month unemployment (+$600/week additional), if we have to do layoffs, then the Team will not be totally without funds. What are you doing to ride the storm out? Last edited by Trivers; 04-02-2020 at 06:02 AM.. |
Posts: 2,965
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01-08-2021, 11:26 AM | #691 | |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
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Posts: 3,231
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04-01-2021, 12:25 PM | #692 |
In Search of a Life
Join Date: Dec 2005
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A little over a year later, wanted to check in on everyone. How did the year go?
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Posts: 31,242
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04-01-2021, 12:29 PM | #693 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
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I died from teh Covid a few times. Other than that, it went swimmingly.
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Posts: 70,537
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04-01-2021, 12:33 PM | #694 |
Supporter
Join Date: May 2005
Location: Who knows?
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Busier than ever.
Need two employees badly. Hoping for a Mennonite miracle. |
Posts: 85,612
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04-01-2021, 12:35 PM | #695 |
Supporter
Join Date: Jun 2002
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We broke all kinds of revenue records over the past twelve months. We had a 3-4 week downturn last March/April and sales have been insane ever since. Pre-covid there were 31 of us and now there are 36. Adding five jobs during a pandemic is pretty cool.
It has been extremely difficult trying to keep up with COVID requirements and best practices but we've gotten through. I've mostly had a great supporting cast. One shithead threatened legal action over us just trying to keep everyone as safe as possible. I no longer employ him, for a completely unrelated reason, of course. |
Posts: 2,075
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04-01-2021, 12:47 PM | #696 |
In Search of a Life
Join Date: Dec 2005
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Posts: 31,242
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04-01-2021, 12:53 PM | #697 | ||
In Search of a Life
Join Date: Dec 2005
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Quote:
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This is great to hear. We had similar experience. Started out with 31 employees, now up to 36 because the volume is just crazy. Bought & remodeled a new building to expand into. Glad to hear others have had success this past year. I know local contractors & such are booked out just from the volume of jobs they are getting. |
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Posts: 31,242
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04-01-2021, 01:31 PM | #698 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Better than I expected. I ended up in the black despite having no business producing a single dryland bushel. Lucky is better than good.
Prices have recovered. That helps. Steel prices have put a stop to the machinery upgrades I was going to make. That doesn’t help. Got my fertilizer bought right (it has went crazy) and some chemical bought right. All in all I’m pretty fortunate. |
Posts: 57,835
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04-01-2021, 05:11 PM | #699 |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
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I'd say a lot of my clients were very fortunate for sure.....I'd like to think I helped with that. But there were a few that were severely damaged.....all survived though, and have a fighting chance....but that may only go so far as PPP will take them.
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Posts: 3,231
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04-01-2021, 06:26 PM | #700 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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any employee threatens legal action against his employer, especially over trying to promote workplace safety deserves to be fired. For a completely different reason, of course. .
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Posts: 80,019
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04-01-2021, 08:16 PM | #701 |
In Search of a Life
Join Date: Dec 2005
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Hopefully things turn around for them.
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Posts: 31,242
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05-06-2021, 11:28 AM | #702 |
I'll be back.
Join Date: Nov 2002
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Just got a PPP Loan
#socialism Unfortunately they literally just ended new applications. Got in in the nick of time! |
Posts: 287,324
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05-06-2021, 12:29 PM | #703 |
MVP
Join Date: Jan 2007
Location: Missouri
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Business would be going much smoother if they'd kick a bunch of lazy mother****ers off unemployment.
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Posts: 8,670
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05-07-2021, 06:50 AM | #704 |
SuperChiefs
Join Date: Sep 2006
Location: Florida
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Posts: 20,259
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05-07-2021, 11:06 AM | #705 |
I'll be back.
Join Date: Nov 2002
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the PPP loan forgiveness process is ****ing awesome if you have a smaller loan and you're a sole proprietor or independent contractor literally when you're ready for forgiveness THEY contact YOU and send you the form filled out and you just have to sign it boom done, free money 4u you don't even have to submit any bank statements...not a single document it's not a loan...it's a grant...and it's not taxable....which means i paid next to nothing in taxes this year |
Posts: 287,324
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