Beyond grand cultural transformations, we are already seeing that the future of work will change. Some changes, such as increased remote work and more video calls, maybe permanent, while other changes, such as social distancing in offices, may last only until an effective vaccine is developed. In the meantime, here is information to help you stay safe and financially stable while the world finds a safe way forward!
The COVID-19 pandemic has impacted nearly every part of the economy. According to a survey by the Census Bureau, 75% of all small businesses in the U.S. have applied for a loan through the Paycheck Protection Program, but as of May 2, only 38% had received funding.
Building a cash reserve when finances are tight, however, can be difficult. You need money to continue running your business but, if at all possible, you want to keep your reserve account healthy.
