Q: When is the new deadline for PPP loan applications? On Saturday July 4, 2020, the President signed the “PPP Extension Act” into law. On Monday, July 6, the SBA’s Paycheck Protection Program resumed accepting loan applications. As the program’s initial deadline of June 30 approached, many small business owners wondered if there would be…

Read More

Businesses across the country have been adapting in real time to the Covid-19 pandemic, implementing new sales and marketing practices, changing product and service delivery methods, and following new human resources protocols. Many of these changes, particularly in the HR space, are likely to be lasting changes, not just temporary adaptations. And in fact, many…

Read More

When times of crisis come—like we’re in right now—organizations have to find ways to change and adapt. This is a difficult process, and one of the best assets you can have to help along the way is a diversity of perspectives. You need people who look at things differently in order to be able to…

Read More

Q: What are the main components of the recently enacted PPP Flex Act? After passage by the U.S. House of Representatives and the Senate on May 28 and June 3, respectively, President Trump signed the Paycheck Protection Program Flexibility Act of 2020 into law on June 5. Following the enactment of the PPP Flex Act,…

Read More

In recent years, employers have been in a difficult market: the low unemployment rate left them with fewer applicants for job openings, while talented employees were often quick to jump to new opportunities. Businesses compensated by overhiring—not a sustainable strategy. At least for now, though, that dynamic has shifted. It’s time for businesses to rethink…

Read More

It’s become cliché: an organization is only as strong as its people. But it’s also true! It takes the whole team to create success. With the challenges of the past months, it’s the perfect time to show your employees how much they mean to you. It’s all about creating a culture that properly values each…

Read More

Many states have already begun or are preparing to reopen after lengthy shutdowns due to the Covid-19 pandemic. No matter what your business is, you have been affected. New safety guidelines, remote working, employee furloughs, even complete temporary shutdowns. But what do you have to do to get back up and running again? That’s the…

Read More

Q: As an entrepreneur, I often have new ideas for business opportunities. What is the best way to evaluate my ideas before developing a formal business plan? In previous weeks we have discussed financial relief opportunities for small businesses, marketing and business planning measures, and changing consumer behaviors or expectations. Amid the Coronavirus (COVID-19) pandemic…

Read More

We’ve all seen how Covid-19 has impacted businesses in the past few months. Millions of people have lost their jobs. Many more are furloughed. Still more are working from home, struggling to figure out a new normal. But what will the impact of the pandemic be on the labor market in the medium- and long-term?…

Read More