As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. On this page, we are compiling relevant tips and resources on business resiliency.
Businesses across Missouri have been impacted by closures and losses related to the COVID-19 public health crisis. One common question is the extent to which insurance may cover any losses businesses experience as a result of COVID-19. In order to help address questions related to business interruption insurance coverage
Audience: Small Business Owners
The Department of Labor & Industries requires employers to implement the Governor’s "Stay Home, Stay Healthy" order. Employers must ensure social distancing for employees and customers, frequent and adequate employee hand-washing, and that sick employees stay home. Employers must also provide basic workplace hazard education about coronavirus and how to prevent transmission in languages best understood by employees. L&I does not currently require employers to have a written coronavirus transmission prevention plan.
Audience: Small Business Owners
Provides information for workers and employers about the evolving coronavirus pandemic. The information includes links to interim guidance and other resources for preventing exposures to, and infection with, the novel coronavirus.
Audience: Small Business Owners, Employees, Self-employed, Non-profits
We are here to help you in this unprecedented time by providing you the essential understanding to handle the economic impact of these trying times. Please contact any of our following team members to discuss the challenges you are facing. We are ready to assist you.
Audience: Small Business Owners
This space is dedicated to COVID-19 health and safety resources created by the National Safety Council and its partner organizations.
Audience: Small Business Owners
The world is changing rapidly, but (flexible) planning is still important. Small business owners should be engaging in strategic planning that weighs different business and economic scenarios over the next two weeks, two months and six months. Since this pandemic emerged, it has changed our social and economic world on a daily basis.
Audience: Small Business Owners
All good pivots start with great questions. There are three business model aspects you should explore when deciding on potential pivots.
Audience: Small Business Owners, Non-profits
Don’t hesitate to call everyone you owe money to. Be honest and upfront. Ask your lender for a deferment or your landlord for a temporary hold on lease payments. Call your vendors. Ask them to be more flexible in their payment terms. Don’t carry this burden alone. Be honest with your employees and let them know what you’re going through. Tell them you’re fighting every day and have a plan to get through this.
Audience: Small Business Owners
The COVID-19 pandemic has highlighted the importance of saving money for a rainy day. While thousands of small businesses closed permanently in the spring of 2020, the ones that had cash reserves on hand for emergencies fared much better—especially considering the hurdles and delays that came with government aid like the Paycheck Protection Program. It shouldn’t have taken a global pandemic for small businesses to see the value of having a cash reserve, but nonetheless, many owners are now more aware of the importance of financial stability.
Audience: Small Business Owners
Things to consider: Altering the process to deliver your product or service, changing how revenue is generated, developing a new product or product line and targeting different market segments.
Audience: Small Business Owners
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