April 16, 2020
In less than two weeks, the Paycheck Protection Program (PPP) fund has run out of funds. For businesses that received funds and those still waiting for Congress to allocate more dollars, the focus remains on how to adapt and survive.
1. SimpleNumbers Platform to Inform Critical Decisions
Greg Crabtree’s Simple Numbers platform is a highly useful tool for business leaders to make fact-based financial projections and critical decisions. Crabtree’s firm, Carr, Riggs & Ingram CPAs and Advisors, is hosting a “COVID-19 Quick Hits” webinar today (April 16, 2020) at 3:00 pm (CDT) to cover the latest changes to guidance surrounding the Paycheck Protection Program (PPP.) Crabtree is also offering an affordable “Crisis Management Strategy Session.” If you’re uncomfortable with your organization’s finances, I highly recommend contacting Mike Maxson to sign up for this limited time offer.
2. Important Decisions About How to Spend Your PPP Properly
The goal of PPP is to avoid unnecessary layoffs by small businesses to keep workers employed. Companies that “Don’t Screw Up” their PPP loan will have the majority of those funds forgiven. But using the funds in the initial eight weeks for payroll costs isn’t an obvious choice for all businesses. Companies that are still under mandatory shutdown may opt to use the funds as a low-interest small business loan. Leaders must decide how the funds will best ensure their long-term survival. Contact Simons.Coach if you need a facilitated session with your executive team to weigh your options.
3. Nonverbal Communication Skills are Essential for a Remote Workforce
As organizations rely on Slack, Microsoft Teams, email, and text during these uncertain times, it becomes essential that team members understand the pitfalls of written communications channels. The latest article from Simons.coach, “Nonverbal Communication is Critical in a World of Written Text” discusses three important communication habits to instill in your culture.
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.