ceo vista bank - john steinmetz's 6 tips for sustaining small business during covid-19
DESCRIPTION
John Steinmetz, CEO Vista Bank, provides the most useful insights based on his experience, for small businesses to navigate through one of the most toughest economically challenging times of COVID-19.TRANSCRIPT
Sustaining throughprolonged COVID-196 Tips for Your Small Business to Survive Our MaskedEconomy
VISTA BANK CEO, JOHNSTEINMETZ
2020 - A challenging year MOST IMPORTANT TIPS
PPP ForgivenessPPP Round TwoMain Street Lending ProgramCash is KingPivotCommunicate with Your Creditors
Tough times for businessesHOW CAN THE LEADERS ACT?
John Steinmetz explains how leaders should help their team andclient base navigate these times of great unrest and uncertainty
PPP ForgivenessIF YOUR COMPANY TOOK OUT APPP LOAN, DON’T WAIT TO PAY ITOFF
Your bank should have a plan in place, so reach outto them sooner rather than later and get started.
PPP Round TwoSET SOME GOOGLE ALERTS ORNOTIFICATIONS FROM CNBC OR THE WALLSTREET JOURNAL
Prepare your business for the possible second round of assitance
Main StreetLending ProgramA VIABLE ALTERNATIVE
Vista Bank is a participant but If your bank is notparticipating in the Main Street Lending Program,speak with a bank that is.
Cash is KingCUT UNNECESSARY EXPENSES
Take all the necessary measures, including pay andbonus cuts, including yourself as a leader, to giveyour company a fighting chance.
PivotBE CREATIVE
Find innovative ways to solve the problems of yourexisting and new customers.
Communicate with YourCreditorsA CRITICAL REQUIREMENT
If they see you cutting expenses and paying everything youcan, they are more likely to work with you towards yourultimate success.
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