If you’re running a business during this pandemic, you’ve probably already had to pivot once or twice. You may have had to figure out how your employees could get the same work done from home. Or, you may have had to switch to an online model of sales. Perhaps you...
Is the worst of the pandemic’s impact still ahead?
According to a recent poll by the U.S. Chamber of Commerce and MetLife, most small business owners in the U.S. think the worst effects of the coronavirus pandemic still lie ahead of us. Half of the respondents said they will close permanently if the business...
To save your business, should you adopt a start-up mentality?
It can take years to build a business up from a garage-based effort to a going concern. For many, all that hard work was paying off until the Coronavirus pandemic came along. For the past months, you may have been relying on loans, forbearances, rolling up your...
When might a non-compete agreement be unenforceable?
In Texas, non-compete agreements generally prohibit former employees from entering into direct competition with their former employers for a certain period of time.These restrictive covenants have long been popular for certain industries when they hire oexecutives and...
Why it is worth the money to have a lawyer review your contracts
You don’t necessarily need a lawyer to write a contract. You just need a meeting of the minds between you and the other party. Yet a good contract contains a lot of details. For example, it might specify whether you will go to arbitration or court if a dispute arises....
Paycheck Protection Program forgiveness simplified for small loans
The Paycheck Protection Program (PPP) was part of the CARES Act passed in March. It was meant to provide struggling businesses with relief in the form of Small Business Association-backed loans. The loans are forgivable as long as they were used for specific purposes,...
5 ideas for reinventing your business right now
According to a Small Business Trends survey in July, 92% of small businesses in the U.S. have had to reinvent themselves over the past few months. Are you one of them? If not, your struggling business may need to be next. Where do you begin? It starts with hustle, as...
Another wave of business closures expected this fall
When the first wave of business closures hit this spring, many of the companies involved were already in trouble. Or, their owners were ready to close for other reasons, like a pending sale or retirement. Those that survived have been hurt. Many received crucial help...
Should you stop withholding payroll taxes?
It’s a fair question. When the White House announced a payroll tax holiday, the hope was that it would result in larger paychecks and boost the economy. However, the president doesn’t have the authority to cut payroll taxes on his own, so the tax holiday only suspends...
Fed: Main Street Lending Program will lend to small nonprofits
For the first time since the Great Depression, the federal reserve will be lending directly to some companies through its Main Street Lending program. The idea is to target businesses that were successful before the pandemic but which are now struggling. And, the...
