Multidimensional Solutions for Small Business Sector

Just because businesses are small does not mean they are simple and easy to fix.  Small business owners, especially the vast majority that are at micro-level, are individual dynamos.  They are workers, managers, executive decision maker and frequently local business leaders.  Their businesses create jobs, hire contractors, pay suppliers for goods and services all to satisfy demanding customers.  Each business has its own ecosystem which creates value for the company and the local economy where they operate. 

To limit the loss of value in goods and services that communities will lose if we let thousands of small businesses close will require more than just loans.  Systemic solutions are needed on three levels.

  1. Help small businesses do more than stay afloat without adding further debt.  In consumer service industries like catering, hospitality, travel fundamental changes are required for these businesses to survive beyond the Covid-19 pandemic.  We need more creative use of grants, zero interest loans or forgivable loans are needed to fund business restructuring or reinvent costs to business owners
  2. Invest in the developing local business ecosystems across business districts and regions.  It is not enough to just focus on Business improvement districts and the needs of property owners and business owners.  Business owners are a vital segment of supply chains, educational systems for hiring and a source of distinctive goods and services to the community.  Now is the time to bring all the silos in local economies together to rethink the support structure for small businesses.
  3. Small business owners are people with families, not corporate entities with legal structures and big cash reserves to protect them in economic downturns, let alone a public health crisis and deep recession.  Survival of decades of commitment to operating local restaurants, retail stores, etc. are demands constant attention and drains personal assets and resources too often.  I am pleased that the Aspen Institute and the Stanford Latino Action Network is encouraging research into the condition of business owner families.  The research is focusing on financial condition and benefits like health care and unemployment insurance.  The results are that the law protects employees and owner families frequently have few benefits of their labor than their employees do. 

    Transfer of management and ownership across generations is rarely considered in small business circles.  This transfer of family power, decision making authority and  management of financial resources is a complex social, psychological as well as business and legal process.  The transfer of wealth to future generations especially in immigrant and lower income communities is vital to the health of the business district.  When we lose businesses that have been job creators for decades in ethnic communities the blow is severe.  Services to businesses need to go beyond just business, financial, operating management and formal exit planning.  Family and multi-generational wealth transfer and community health are at stake.

Multi-disciplinary and multi-cultural mindsets are needed to develop innovative and outcomes-oriented solutions are required to sustain the U.S. small business sector  which generates close to half of Gross Domestic Product with extraordinarily little support beyond loans and financial and business advising.  Imagine what the contribution of small business could be to the economy with comprehensive and multi-dimensional development and creative funding!          

Intro to the Great Decisions Program for a Better 2021

Responsible and Effective Decisions Are Now Key to Retaining Customer Trust and Loyalty. Hone your decisions to make a better 2021!

WHAT WE WILL COVER:

• Why is this pandemic driven recession so different? Why is it all about revenue and buyer psychology?

• Take a fresh look at your strengths and gaps to be aware of current situation (bring a strengths and gaps list)

• Preview the power tools necessary to navigate this once a century recession, due to COVID-19

This free workshop is an introduction to the

Great Decisions Program for a Better 2021.

Get the three key elements of good revenue and overview of this series of 3 workshops

WHO IS IT FOR?

Business owners and entrepreneurs. This workshop is developed for people who want to solve problems and sustain an innovative business. They want a robust business and decision making tool kit to contribute to and thrive in the future economy.

GREAT DECISIONS PROGRAM TOPICS

The 3-week workshop aims to help business owners who are overwhelmed with challenging decisions to:

• Build on your strengths

• Pinpoint the market niches where your business can thrive

• Clarifying your top business decisions and financial priorities

• Decide which opportunities and risks to tackle to make your business viable

• Commit to a path forward

How Business Could Solve Complex Problems

Free Webinar on Thursday, July 29, 2019

In this webinar you will learn

  • Why now is the time to re-envision work and value 
  • How businesses can create new solutions by tackling complexity rather than avoiding it
  • What you can do now to sustain business ownership, community and economic well-being

Register for a FREE webinar on August 29, 2019

12:00 noon – 1 p.m. PDT

How Business Could Solve Problems

Why now is the time to re-envision work and value:

For decades businesses have been managed from a linear and inward point of view. Move beyond that box to more flexible and open thinking and action.