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CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

John Steinmetz, CEO Vista Bank, provides the most useful insights based on his experience, for small businesses to navigate through one of the most tougest ecomically challenging times of COVID-19.

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CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

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  1. VISTA BANK CEO, JOHN STEINMETZ Sustaining through prolonged COVID-19 6 Tips for Your Small Business to Survive Our Masked Economy

  2. 2020 - A challenging year MOST IMPORTANT TIPS PPP Forgiveness PPP Round Two Main Street Lending Program Cash is King Pivot Communicate with Your Creditors

  3. Tough times for businesses HOW CAN THE LEADERS ACT? John Steinmetz explains how leaders should help their team and client base navigate these times of great unrest and uncertainty

  4. PPP Forgiveness IF YOUR COMPANY TOOK OUT A PPP LOAN, DON’T WAIT TO PAY IT OFF Your bank should have a plan in place, so reach out to them sooner rather than later and get started.

  5. PPP Round Two SET SOME GOOGLE ALERTS OR NOTIFICATIONS FROM CNBC OR THE WALL STREET JOURNAL Prepare your business for the possible second round of assitance

  6. Main Street Lending Program A VIABLE ALTERNATIVE Vista Bank is a participant but If your bank is not participating in the Main Street Lending Program, speak with a bank that is.

  7. Cash is King CUT UNNECESSARY EXPENSES Take all the necessary measures, including pay and bonus cuts, including yourself as a leader, to give your company a fighting chance.

  8. Pivot BE CREATIVE Find innovative ways to solve the problems of your existing and new customers.

  9. Communicate with Your Creditors A CRITICAL REQUIREMENT If they see you cutting expenses and paying everything you can, they are more likely to work with you towards your ultimate success.

  10. GET IN TOUCH https://www.linkedin.com/in/johndsteinmetz https://twitter.com/johndsteinmetz https://www.facebook.com/johnsteinmetzpage https://www.instagram.com/johndsteinmetz/ http://johndsteinmetz.com/

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