"However, you need to use the loan carefully. First, you want to maximize the feature that makes the PPP loan forgivable. Second, you want to use the loan properly so that you stay out of legal trouble for any potential abuse of the program."
, along with his previous post—How to Avoid Going to Prison for Your Payroll Protection Program Loan: Advice From Former Federal Prosecutors—both appear on the Forbes website. They are just a couple of the many great resources that SIPA members are providing during this pandemic—many of which can be of general help.
posted an article today titled In the COVID-19 Era, Try These 12 Virtual Collaboration Tools
. "Especially in volatile, uncertain times such as these, it's crucial for businesses to maintain communication continuity and streamlined teamwork... The good news is that there are plenty of online tools that can make working together a breeze. Try these 12 tools to maximize your productivity." The tools include G Suite, Nifty, Backlog and Monday.com.
PRNEWS: What are some keys for an effective media relations strategy during this crisis?
LT Taylor, communications director at Burrow, the online furniture brand: "Tread lightly and reset your goals and expectations since so many outlets and reporters have shifted their priorities. It's still important, maybe more so, to understand why you're telling a story...and who might be interested in it. As always, spend time reading each content creator's previous articles, see what they're sharing on Twitter, and approach each pitch with empathy."
Deb Hileman, CEO, Institute for Crisis Management: "In the midst of the overwhelming amount of difficult news coverage about the virus, some reporters are seeking pitches about feel-good stories that can uplift audiences. The caveat is that many of them will want virus-related, feel-good material. Stories about actions your organization is taking to help customers, employees or the community will add to its goodwill bank of trust and reputation."
"When the workforce is turned upside down, not too much is standard about how you operate. Even so, having standard operating procedures, also known as SOPs, in place can help you maintain a sense of control and consistency in your business.
"You might be up against any number of situations now or potentially in the future—from staff on extended leave to hiring temp workers to manage tasks to possibly downsizing your staff. Since you don't know what's to come, now more than ever, you want to have SOPs in place as a tool to help your business operate more efficiently."
"The coronavirus pandemic and the resulting efforts to minimize the spread of COVID-19 are wreaking havoc on all of us—individuals and businesses alike. Businesses that have purchased coverage for business income loss as part of their commercial property insurance may well be hoping that they will be able to recover under their policies for income loss due to the coronavirus."