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Crisis Management Update: Managing your business through change and disruption
This week's guide to Crisis Management
 
This week's email features a look at How employers can proceed now that a vaccine has full FDA approval; BBB provides guidance for small businesses amidst mask mandates and vaccine requirements; Four ways to prepare your small business to weather challenging times; Why now might be the time to sell your business; ESG: What is it and why do companies suddenly care?
 
For more on Crisis Management be sure to visit our website, crisismanagementupdate.com. We'd love to hear your thoughts or feedback on this newsletter. Please contact Patrick Brannan at pbrannan@bridgetowermedia.com.
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How employers can proceed now that a vaccine has full FDA approval
Now that the FDA has removed the Emergency Use Authorization (EUA) and fully approved the vaccine, the risk of legal exposure diminishes by the day. That begs questions: What do employers need to know about this recent development? Does this change prior decisions? And what steps need to be considered if an employer is deciding whether to impose a workplace vaccine mandate?
 
2
BBB provides guidance for small businesses amidst mask mandates and vaccine requirements
Highly contagious COVID-19 variants have proven to be major curveballs for the general public, especially for business owners, as The Center for Disease Control guidelines continue to shift. Stances on mask mandates and vaccination requirements vary across the country. So where does that leave business owners?
 
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Four ways to prepare your small business to weather challenging times
Although there are many unknowns, savvy entrepreneurs focus on things under their control. Taking the following steps could make a crucial difference in preparing your business to weather challenging times and emerge even stronger.  
 
  • Streamline operations
  • Reevaluate spending and build an emergency cash reserve
  • Forecast cash flow and identify financing options to overcome potential gaps
  • Strategize with your banker before crunch time
 
4
 
Thinking of selling your business? Here’s why now might be the best time.
Business owners looking to sell or transfer their business to a family member may have some tax decisions to make if the Biden administration gets its tax code revisions through Congress this year.
 
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ESG: What is it and why do companies suddenly care?
ESG, Environmental Social Governance, is a term that is being used a lot in the corporate world today. It’s the company’s efforts to manage its environmental, social and governance policies in a beneficial way.
 
 

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