The economic shutdown has been costly for small businesses. If you’re an owner concerned about the future health of your business, what should you do? Could you sell your business? What are your options if you have a lot of business debt? Listen as I join Doug Hoyes on Debt Free in 30 to discuss how COVID-19 has impacted small businesses and why some businesses are having a harder time selling than others. I also shares strategies some companies have deployed to stay afloat during the pandemic and advice to avoid bad business funding choices. I also explain the sunk-cost fallacy and recency bias to help you understand whether it’s financially worthwhile to maintain your business. Tune in for lots of practical advice!
The Debt Free in 30 channel has lots of great guests and is also a podcast on iTunes and other services. Find the YouTube channel here: https://www.youtube.com/channel/UCmBd1vf4gtOj8QE5JdiNFRQ