(04-06-2020, 09:33 AM)KingIngram052787 Wrote:

(04-03-2020, 04:51 PM)Jags Wrote: Not sure if this falls into this thread or the Corona thread.  

I’ve seen an uptick in new clients, but now have had two people contact me to postpone due to the situation we have.  One furloughed the other idk.  Though I’m “essential” and have a job.  I’m wondering overall how the business will fair.  As long as I can pay my employees and my own bills I don’t care if I just break even.  I don’t think that will be the case.  But I’ll find out more since invoices just went out.  See who else contacts me and who just flat out don’t pay.  I’ve weeded out the non payers over the years.  

The furloughed guy, is a great long term well tipping client. I offered biweekly service for APril and May at no charge and then revisit the situation then.  The other guy was fairly new, so I just didn’t really do anything but send the “I’m sorry best of luck” type deals.  If I get more of those emails, or phone calls, I guess I’ll play it client by client.  If it gets to be too many, I can’t work for free.  

We’ll see.  I may just have to hang onto my stimulus check for a bit and see how it all pans out.  

Continuing to wish you all the best. Stay healthy, stay afloat and stay off my lawn.

Have you applied for the SBA PPP loan?  Could help float you through tough times and if used to payroll costs is basically forgivable.

I truly think I’ll be alright.  I’m seeing payments coming it faster so far with everyone being home.  And my employees are technically “subcontractors” by advice from my CPA. They really like my shirts and “bought them” from me.  So I wouldn’t be able to use it for payroll. Or maybe I could, idk.  Could I probably get some money from the government? Sure, probably.  I’m not sure it’ll be worth it even if I lost a handful of clients. My guys are still getting paid.  Save that money for the businesses that really need it and the people that are now trying to figure out how to pay their bills.

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