In my effort to keep franchisors and other small business owners informed about strategies to work through the COVID-19 crisis, I did another video on the Paycheck Protection Program application process. While the process is straight forward, the calculation of payroll costs and full-time employees is critical. This video walks through both of those calculations as well as some other details released by the Department of Treasury and Small Business Administration.
Please use this video and some of the other content I have put out to make better-informed decisions for your business and coach franchisees. Along with this video, I have also published a few other tools for you to use.
- I put out a general video on how to help your business and coach your franchisees through the COVID-19 crisis.
- On Sunday, March 29th I put out an article that took a deep dive into the CARES Act for Franchisors and other small business owners.
As I mention in the video below, please don’t hesitate to email me at [email protected] with any questions you have or any other ways your business is working through this situation. I am also happy to schedule a 20-30 minute consultation call with you to talk through any ideas or plans for your franchise or business.