Coronavirus and your business

Every day you have done all you can to be successful and as a result you are the backbone of our economy.  Now we are engaged in an unprecedented challenge.  We will all be affected by this and business will never again be the same.  As you know, our mission is to support you–the small business owner.  Failure is not an option but we are going to be stretched to great lengths to survive.  We have advised all of our clients to do two things:

(1) Revise your cash flow daily–not monthly, not weekly–daily.  You must constantly reevaluate your cash position.
(2) Understand that you are not helping your employees if you go out of business–you must stay in business.  On a daily basis monitor your wage percentage against your daily sales and adjust staffing immediately.  Your employees are your greatest asset but you are not helping them by going out of business.  There needs to be a job for them to return to.

ADDITIONALLY

The Fremont Group is suspending all seminars for the foreseeable future.  As soon as possible we will resume our one-on-one Minding My Own Business Workshops.  The cost of MMOB Workshps will be reduced from $975–to $150.  Workshops will be scheduled with a $25 deposit and if you are unable to pay the balance it will be waived.  They will be started first in Colorado and expanded as possible.  We know that the need for professional help is in great demand but rather than increasing our rates The Fremont Group will be reducing our rates.  Until we can resume our workshops visit our website for additional information.

We can get through this.

Dirk Dieters, Executive Director
The Fremont Group

Leave a Reply