Global Small Business Owners Are Feeling the Pain

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The bills are now coming due for big companies and millions of laid-off workers. Decisions made in the next few days will shape how coronavirus impacts the economy.

“Rent is due. Utilities are due. Credit card bills are due April 1,” said Hadley Douglas, who has laid off two workers from her liquor business, The Urban Grape. “The deadline is looming large and it is petrifying.” She said her landlord turned down a request to temporarily pay half the rent but said to keep in touch as it was focusing first on smaller, harder hit businesses.

The questions for small business owners become:  Which obligations do they pay and which can they put off? How many employees can they afford to keep on the payroll? Can they get a break on rent?

Read on about America's make or break week.

from The Global Small Business Blog https://ift.tt/2UCJGcb