You received a Payroll Protection Program Loan, congratulations but now what? Stop, pause and create a plan. There are three things you should be doing right now and we created a 9Grid, our visual thinking tool to lay it out for you.

  1.  Cash Flow Management – don’t spend your funds until you have a system in place
  2.  Create a Spending Plan – 75% of funds for payroll,  25% for rent, mortgage interest and utilities
  3.  Create a Staffing Plan – You may not have an exact re-open date yet but you can still create a plan

 

For the full explanation of the three things you should be doing now, check out the video on our YouTube page by clicking HERE 

 

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