“This crisis is forcing family businesses to make trade-offs among objectives that would have previously been unimaginable — all while dealing with the complex dynamics of a family.”
“Without my employees, I can’t be where I am today,” she said. “I need them. I can’t betray them. In the long run, they will be there for me.”
It is possible for small businesses to come out even stronger, said Scott Shigeoka, an entrepreneurship coach. “There will be small operators like Iwi Fresh that walk away from this time with a more diverse customer base, stronger business model, new partnerships and resilience to future crises or pandemics.”
“I love working remotely,” says one 64-year-old First West accountant manager. “I miss my coworkers’ smiling faces, which always brighten my day. But the extra time in the morning allows me to ease into the day. The quiet also makes me more productive.”
For a small business trying to stay afloat during the shock of the coronavirus, every little bit of financial aid can have a bearing on their future.
Many employers have instituted hiring freezes. Job postings have dropped. But that doesn’t mean you should put the brakes on your search. It’s frustrating, but one move you can make right now is to look around the edges and set-up “informational” interviews.
“A career transition is not a rash move. They can take three to five years,” said Hannon.
The first step is making sure you are not making the switch out of boredom or frustration. We all have challenging days (or weeks) at work, but that doesn’t always mean you need a new career.
Look at saving as making an investment in your future self. It’s self-care. You’re saving for “living,” not “retirement.” To me, that’s a better way to frame it, especially when retirement is a fuzzy concept at best.