Friday Five Business Briefing – May 22, 2020
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Do you have business banking questions? Contact our knowledgeable business development managers.Learn more
In a constantly changing business environment, here’s news to help you navigate the coronavirus pandemic, including webinars to guide your relaunch; how to talk with customers and employees; the new bankruptcy law; and more.
- Support for your next step during COVID-19 — The Michigan Small Business Development Center now provides a series of on-demand webinars to help you navigate financing options for relaunch, reopening your retail business, cybersecurity during the pandemic and more. Access the webinars.
- Scared people are not rational people — Talking to consumers right now requires care. A study by JoyCorp shows that people are operating in one of four phases: comfort (pre-pandemic); fear; learning and adjusting; and establishment. Learn how to communicate with customers in each phase.
- You’re ready to reopen but your employees aren’t? Watch how you can address and allay their fears.
- New bankruptcy law could help small businesses — Chapter 11 bankruptcy is designed to help restructure businesses in financial trouble. The new Subchapter 5 caters to small businesses with less than $2.7 million in debt. Read what lawyers say this tool can (and can’t) offer your business.
- Remain resilient in uncertain times — Discover five strategies for entrepreneurs and managers to remain resilient in these uncertain times here.
Thank you to our Friday Five sources: Michigan Small Business Development Center, Fast Company, Inc., Fortune and StartUp Health.
Do you have business banking questions? Contact our knowledgeable business development managers or call 800-991-2221. During the coronavirus confinement, we’re available online, by phone and by appointment at select offices equipped to maximize safety.
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