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My wife an I opened a nail and wax salon 6 months ago. Really don't know what to do, so far they haven't asked us to shutdown. Business had been steadily growin
by evo_9 7y ago
My wife an I opened a nail and wax salon 6 months ago. Really don't know what to do, so far they haven't asked us to shutdown. Business had been steadily growing and we are about break-even. No idea how this will play-out, what if anything the building owner can do to help out, or how the federal help might work for a small business like ours.
The rent and payroll are our biggest expenses naturally, we can of course cut hours and even close entirely; no idea what our staff will do with no income.
If this lasts more than 3-4 weeks (which is likely), yeah it's hard to say how any business is going to survive.
Only good thing is I have a full time job for a major health company and our mobile app usage this week has sky rocketed... so my day job is quite secure at least.
- joering2 7y agoWhat's your mobile app please? :)
- evo_9 7y agoDavita Care Connect. Def. not 'my app', I just work on it.
- linuxftw 7y ago> Really don't know what to do People are trapped at home, itching to get out. You run aggressive promotions right now to drive up your customer base since everyone is sitting at home bored with nothing to do.
- mft_ 7y agoWould that be a socially appropriate action to take? Encourage people out of their homes at a time when it seems that the exact opposite is needed to start controlling the spread of the virus?
- linuxftw 7y agoPeople are still going out and doing things. Grocery store is open, home improvement stores are open, Walmart is open. It sounds like their business is currently open, so they might as well bring in more customers.
- mttyng 7y agoDoesn’t this fly counter to the recommendation of “staying home”?
- charwalker 7y agoIF you are i the US employees may be eligible for unemployment immediately even if employed with full/cut/zero hours. Not super helpful to you as the owner unless you can also apply but could make a shutdown easier on staff.
- dillonmckay 7y agoWhere are you getting this info from?
- charwalker 7y agoVarious headlines as different states open up application options, see below. A reduction in hours or cuts to zero may be considered constructive dismissal and allow collection of benefits but many states are allowing expedited collection or no wait times. Layoffs have hit hard and these types of headlines have floated around for a lot of states. https://www.delawareonline.com/story/news/politics/2020/03/17/delaware-changes-unemployment-insurance-rules-due-coronavirus/5068210002/ https://www.delawareonline.com/story/news/politics/2020/03/1... https://katu.com/news/local/oregon-wash-consider-unemployment-benefits-for-parents-taking-off-work-to-watch-kids https://katu.com/news/local/oregon-wash-consider-unemploymen... https://www.wbtv.com/2020/03/17/nc-governors-executive-order-unlocks-unemployment-benefits-during-health-crisis/ https://www.wbtv.com/2020/03/17/nc-governors-executive-order... https://qns.com/story/2020/03/16/new-york-state-waiving-waiting-period-for-unemployment-insurance-benefits/ https://qns.com/story/2020/03/16/new-york-state-waiving-wait...
- dillonmckay 7y agoThanks for that info. I had assumed there was some Federal coordination, but I see it is up to each state to take initiative.
- blaser-waffle 7y agoThis federal government tale initiative? LOL "I don't take responsibility at all" -- DJT Thankfully most states are picking up the slack. I know Ohio passed something comprehensive for the service/restaurant folks and was looking at more support.
- NegativeLatency 7y agoI suspect it will last longer than 4 weeks
- tjs8rj 7y agoMany localities, states, and the federal government have programs to freeze rents, mortgages, and provide assistance in the form of interest-free or low-interest loans to help you make ends meet if necessary!
- joncrane 7y agoOne thing that people are recommending is to offer prepaid packages that customers can use once things normalize. You provide a slight discount, the people with steady jobs transfer some liquidity to you, and you just have to give a bunch of free service in the coming months. It's like a micro version of what the Fed is doing with banks.
- sokoloff 7y agoAs a consumer, you should only buy gift certs and prepaids to the extent you could lose the money and be ok with it. If this gets a lot worse, you’ve pre-bought a bunch of meals out, you lost some/all of your income, you might not want the expensive meals over the cash, and you even less want those to be an IOU from a bankrupt place. As a shop owner, it’s indeed quite cheap loans.
- GarrisonPrime 7y agoIf your area has been declared to be in a state of emergency, you might qualify for a small business loan set up just for the purpose of helping businesses such as yours survive this: https://disasterloan.sba.gov/ela/ https://disasterloan.sba.gov/ela/