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Reply to "Restaurant owners / Small business what is the survival strategy?"
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[quote=Anonymous][quote=Anonymous]It's clear a lot of posters have no business experience. Small businesses almost never have 6 month reserves. Your rainy day fund can sustain a month or two of SLOW business. But this is almost a total loss of ALL business for an indefinite time. No business can survive this if it lasts more than a month[/quote] THIS. We own a small biz and can meet overhead for 2-3 mos but WITHOUT payroll. We are laying them all off. Our business was forcibly shut down- who would ever predict that? If it goes longer than 2-3mos we will have to get an SBA loan or dip into personal retirement funds. [/quote]
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