Day #51 of Shelter in Place
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Managing Business Uncertainty: Helping Businesses Manage During Challenging Times
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(Click on the image to read the guide)
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"Steering a company during uncertain times requires an analytical approach with an emphasis on visibility, control and agility.
You need visibility into cash flow, receivables, projects, inventory and operational risks. You need prudent advice, a list of potential sources of capital and a single-minded forward-focus. With so many critical decisions to make, you need the right numbers, and you need them right now.
Not all businesses are affected equally. In this guide, we’ll lay out a framework for leaders whose companies are viable but who recognize that they must substantially change their approach to remain as healthy as possible.
For those businesses, we recommend examining three questions:
- What can you see right now?
- What can you control now?
- How can you be agile to change now?"
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To read more on Oracle Netsuite's guide on Managing Business Uncertainty: Helping Businesses Manage during Challenging Times, please visit here.
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What States Are Reopening?
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"Around the U.S., states are debating whether and how to reopen their economies and lift social-distancing measures. But are they ready?
Whether they are or not, many are moving ahead. President Donald Trump insisted on Tuesday that the country had to reopen its economy, even at the risk of more infections.
“Will some people be affected? Yes. Will some people be affected badly? Yes. But we have to get our country open and we have to get it open soon,” Trump said.
Last month, the White House Coronavirus Task Force laid out a series of “gating criteria” meant to guide states on lifting restrictions and getting back to normal. They include a decline in symptoms of the virus as monitored by local health networks, fewer cases or a declining percentage of positive tests, and hospitals systems that can handle the strain of the outbreak.
Bloomberg News’s analysis found that 20 states that have lifted restrictions don’t meet the White House guidelines for reopening. Many are moving ahead anyways."
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To read more on Polly Mosendz and Cedric Sam's Bloomberg article,
please click here.
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Help Local Small Businesses
in San Mateo County!
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The San Mateo County Strong Fund provides immediate financial support during these trying times for those in need.
Your donation to SMCU Community Fund for the San Mateo County Strong Fund business grant program will help small local businesses, helping them avoid layoffs and stay open or reopen once feasible. All money donated will stay inside San Mateo County and not one penny will go elsewhere, so you can have confidence that you are helping your neighbors.
Please visit smcucommunityfund.org/donate to donate.
To make a donation over $1,000, please submit a check to:
SMCU Community Fund
ATTN: Support Services
350 Convention Way
Redwood, City, CA 94063
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For information about the grant program, visit the San Mateo County Strong Fund website or contact the San Mateo Credit Union.
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