2 ms·
A similar title for this article could be: "How to bodysurf your way out of a tsunami" Good luck, you're screwed. If you're a cash flow negative startup even
by eric_b 7y ago
A similar title for this article could be: "How to bodysurf your way out of a tsunami"
Good luck, you're screwed.
If you're a cash flow negative startup even slightly tangentially related to an industry impacted severely by COVID, you're done. This economic shutdown is end of days for a huge number of small businesses.
The media is hyping shutdown until at least May, but I'm seeing more "June and on". If that comes to pass, there will be very few small businesses left standing in the heavily impacted industries. It's going to kill a lot of otherwise healthy businesses too.
The stimulus is mostly a feel good measure for politicians. How many of you have gotten your checks? How many have applied for EIDL loans and received them? How's the PPP going?
Oh I'm sure they'll iron out the kinks, but it'll be too little too late. Hope ya'll are up to date on your Steinbeck, because that's what's coming.