A critical component of any healthy organization is regular appreciation and recognition of team members. During normal business conditions, it’s easy for leaders to get distracted with the day-to-day operations and forget about this task. The current COVID-19 crisis forced most teams to work from home. These team members are out of sight, which makes it even easier for leaders to get complacent with the critical responsibility of appreciation and recognition.
Communication is a critical component of all businesses, especially during the unpredictable events of COVID-19. Whether it’s your Daily Huddle with team members or external communication with customers and vendors, effective communication is one of the foundations of successful businesses. So, it’s no surprise that there is a constant flood of new apps to improve your organization’s communication.
UPDATE April 7, 2020: The U.S. Department of the Treasury maintains a website with the latest Paycheck Protection Program (PPP) Loan Application, guidance, and Frequently Asked Questions (FAQs).
The CARES Act Stimulus bill was approved by the Senate and House today and is expected to be quickly signed by President Trump. Many of my clients are small businesses (<500 employees) that should consider using this stimulus to help weather these uncertain times. Here’s my first impression of how one portion of the bill – the Paycheck Protection Program (PPP) – could help a small business.