April 7, 2020
While off to a rocky start, the Paycheck Protection Program (PPP) is officially open, and, not surprisingly, applications are overwhelming banks. Send your positive or negative experiences with the PPP program to email@example.com.
1. Improve Any Meeting with 5 Simple Tools
While you’re waiting for your bank to process your PPP application, focus on the things you can control, like executing better meetings. In-person or remote meetings are a necessary communication tool for all organizations. Now is a great time to commit to improving your company’s execution of meetings by implementing the “5 Tools to Improve Any Meeting.”
2. Transition Your Sales Team to Zoom and Online Sales
Under the current business environment, it’s challenging to engage in traditional selling methods. John Lund, the founder of MYB2BCOACH, recommends, “it’s a great time to enhance your sales team’s knowledge, create skills and find new prospects over the next 60 days.” MYB2BCOACH is offering a special Rapid Sales Training program in April to get your sales team ready to hit the ground running when businesses re-open. Contact John Lund at 402-500-0595 to sign up your sales team.
3. Paycheck Protection Program (PPP) has Legal Risks
Marco Rubio, one of the designers of the PPP program, called the loans a “grant” to small businesses. But many law firms are highlighting the risk associated with some of the certifications on the PPP application. There is little to no guidance from the SBA on how to interpret those certifications. Many banks, even Wells Fargo, are still not accepting PPP loans. The U.S. Department of Treasury continues to publish new rules and guidance on its website, including Frequently Asked Questions (FAQs.) If you’re still confused about the PPP program, see my article, “First Look at the Paycheck Protection Program (PPP) in the CARES Stimulus Bill.”
If you have any comments, questions, or suggestions for the next #RuleOfThree, please contact me at firstname.lastname@example.org.
Rob Simons is a coach, facilitator, and storyteller – a unique fusion of skills that makes him uniquely equipped to coach entrepreneurs and business leaders to scale organizations. Using the Rockefeller Habits as his foundation, Rob has successfully trained hundreds of clients to build a culture of purpose, alignment, and accountability in organizations across a variety of industries. Contact Rob at email@example.com or 210-845-2782.