Financial & Business Resources for 2020

Our clients, colleagues and the entire GSP team are adjusting fast and furiously to the business impact of COVID-19.To help you navigate these times, you’ll need current and accurate information and insights. We have curated the resources below to keep you up to date and armed with the tools you need to not only survive COVID-19 but to grow and thrive in potentially new ways. Explore the resources below, which we will update regularly. We invite you to subscribe to receive our regular email alerts and updates, simply fill out the form on this page.

And you are always encouraged to contact us directly to book an initial conversation to see if we may be able to help your business adapt quickly and strategically as things continue to change.

Featured Resource – New!

How to Cultivate Your Relationship with Your Bank

A company’s rapport with its bank is critical, especially during a crisis. If you planning to approach your banker about a loan to get your business through the COVID-19 crisis, be ready to explain why the PPP and an EIDL are not enough.

Leadership 

• Managing Through COVID-19: Six Imperatives for CFOs | CFO Publishing – New!
  In this period of rapid economic deceleration and uncertainty, there are six distinct imperatives can help CFOs protect their companies and workforces.
• Don’t Mention the Virus! And Other Marketing Tips | The New York Times
  Brands and influencers want to sell products to homebound customers, but doing so requires being sensitive to the reality of the pandemic.
• What Does It Mean To Be Resilient? | Forbes
  There’s a misinterpretation that resilience is about being fearless, being tough or just being able to pick yourself up by the bootstraps. These misperceptions are especially prevalent in business circles. That’s a big problem because this way of thinking can actually make business leaders less resilient.
• Seven key actions business can take to mitigate the effects of COVID-19 | PwC
  Business leaders are concerned, and rightly so, for the welfare of their people and their organizations. In the face of a global crisis, well-prepared businesses can help protect their workers and their bottom lines.
• Coronavirus: Five Rules for Growing Customer Loyalty | CFO Publishing
  The looming supply disruption from coronavirus offers historical opportunities for companies to build or destroy customer goodwill.

Business & Financial

• Investor Complacency Could Soon Be Replaced By Primal Fear | Seeking Alpha – New!
  The Coronavirus, and its future path, will be the single-most important factor in shaping the global economy for the next 18-24 months. Why are there so many individuals who are taking the seriousness of this pathogen so lightly?
• Change Your Business Focus – Concentrate on Cash Flow | G-Squared
  The coronavirus pandemic is requiring us to change what we do in our everyday lives. As the CEO or owner of a small- to mid-sized business, to help your company survive this severe economic blow, you not only have to change what you do, you have to change how you think.
• Why the Global Recession Could Last a Long Time | The New York Times
  Fears are growing that the worldwide economic downturn could be especially deep and lengthy, with recovery limited by continued anxiety.
• Start-Ups Are Pummeled in the ‘Great Unwinding’ | The New York Times
  Dozens have laid off thousands, slashed costs and changed their businesses to try to survive the pandemic. 
• FTC: Coronavirus scams, Part 2 | Federal Trade Commission
  Here’s are the coronavirus scams you may encounter, and steps you can take to protect yourself, your personal information, and your wallet.
• Business Continuity Plan | Department of Homeland Security
  This Department of Homeland Security website is full of resources for business continuity planning. Although this disaster is already in process, it’s still important to plan for the next one.

Relief & Disaster Assistance

• The PPP Is Out of Money. Here's Plan B | Inc.
  For some businesses, the Federal Reserve's new Main Street Lending Program could be another chance to land needed cash now.
• Disaster assistance from SBA | The U.S. Small Business Association
  The SBA is working with state Governors to provide low-interest loans to small businesses that have been severely impacted by COVID-19. Its Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million. 
• Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) | G-Squared
  This presentation provides a rundown of what we know so far about the paycheck protection program and local federal relief programs. Updated 3/30/20