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CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

Date post: 23-Oct-2020
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John Steinmetz, CEO Vista Bank, provides the most useful insights based on his experience, for small businesses to navigate through one of the most toughest economically challenging times of COVID-19.
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Sustaining through prolonged COVID-19 6 Tips for Your Small Business to Survive Our Masked Economy VISTA BANK CEO, JOHN STEINMETZ
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Page 1: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

Sustaining throughprolonged COVID-196 Tips for Your Small Business to Survive Our MaskedEconomy

VISTA BANK CEO, JOHNSTEINMETZ

Page 2: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

2020 - A challenging year MOST IMPORTANT TIPS

PPP ForgivenessPPP Round TwoMain Street Lending ProgramCash is KingPivotCommunicate with Your Creditors

Page 3: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

Tough times for businessesHOW CAN THE LEADERS ACT?

John Steinmetz explains how leaders should help their team andclient base navigate these times of great unrest and uncertainty

Page 4: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

PPP ForgivenessIF YOUR COMPANY TOOK OUT APPP LOAN, DON’T WAIT TO PAY ITOFF

Your bank should have a plan in place, so reach outto them sooner rather than later and get started.

Page 5: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

PPP Round TwoSET SOME GOOGLE ALERTS ORNOTIFICATIONS FROM CNBC OR THE WALLSTREET JOURNAL

Prepare your business for the possible second round of assitance

Page 6: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

Main StreetLending ProgramA VIABLE ALTERNATIVE

Vista Bank is a participant but If your bank is notparticipating in the Main Street Lending Program,speak with a bank that is.

Page 7: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

Cash is KingCUT UNNECESSARY EXPENSES

Take all the necessary measures, including pay andbonus cuts, including yourself as a leader, to giveyour company a fighting chance.

Page 8: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

PivotBE CREATIVE

Find innovative ways to solve the problems of yourexisting and new customers.

Page 9: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

Communicate with YourCreditorsA CRITICAL REQUIREMENT

If they see you cutting expenses and paying everything youcan, they are more likely to work with you towards yourultimate success.

Page 10: CEO Vista bank - John Steinmetz's 6 tips for sustaining small business during COVID-19

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