Now more than ever, understanding and forecasting cash flow is one of the most useful management skills a studio owner can have.
Whether it’s to tap new sources of funding or get a break on payments for existing debt, a talk with your banker can help your business get through this cash crunch.
Even before you get to the point of reopening your physical dance store, there are productive back-to-market steps dance retailers can take. You may even end up reinventing your retail business model.
With their stores closed, dance retailers are focusing on staying connected with their customers and their local studios and getting down to rainy-day tasks they didn’t have time for before. If you’ve always meant to start or upgrade your store’s online selling, here’s how three storeowners did it.
In the last two weeks, as Congress passed various relief and stimulus bills, you may still be wondering exactly what help you can get. Here’s a summary, including cash for businesses, unemployment payments for gig workers and a new payroll loan program that converts to a grant (and is also open to independent contractors and the self-employed).
Looking for help weathering this business crisis? SCORE is holding a live webinar, “Coronavirus and Your Small Business: Live Q&A with SCORE Mentors,” on April 9.
Dance retailers know that cleanliness is a key tactic in their visual merchandising strategy, but with the disquieting spread of coronavirus, it’s also an essential ingredient to keep your staff and customers healthy.
