Surviving Temporary Loss of Business
Employers across all industries are facing unprecedented challenges navigating COVID-19. Over the past several months, many businesses have been mandated to shut down in order to prevent the spread of the virus. Due to the nature of spray tanning, you may have been one of those businesses forced to temporarily close down. This can be a frightening position to be in. You may have employees, rent and other expenses to pay. If you are one of those businesses forced to close there are somethings you can do.
Check your business insurance policy. You pay insurance on your business to protect yourself should a problem arise. This may include “Acts of God”. You may qualify to recoup some of your lost business revenue.
Emergency Loans. You may need to speak with your bank about getting an emergency SBA loan to cover your business expenses during this crisis. Loans are at unprecedented low rates for small businesses. This will give you the cash flow you need to stay afloat during this time.
Check with your state agencies on financial compensation. You and your employees may be able to claim unemployment for the time that you are shut down without penalty. Meaning your business unemployment fees will not increase as a result of the claims.
Offer retail product shipping. You may want to offer to ship your retail products to your customers as a way to make some additional money.
All of us at Sunless Made Simple and Sol Potion hope that this passes soon and we can all get back to the business of glowing. Be well and take care of one another.
