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Common Issues Small Businesses May Encounter:

Capital Availability and Access – Situations like these can strain any business, much more, a small business's financial capacity to keep up payroll, maintain inventory and respond to economic fluctuations (both sudden drops and surges in demand). Businesses should prepare by exploring and recreating their capital access avenues and options to ensure that they have the money they need, when they need it. 

The following are some guidelines for Employers to take action now to help combat the spread of Covid-19. This list will be updated regularly.

- Do not make it mandatory for ill employees to come out to work. Rather, encourage them to stay at home.

- Actively encourage sick employees to stay home.

- Emphasize respiratory etiquette and hand washing and sanitizing by all employees.

- Perform routine environmental cleaning.

- Advise employees against traveling as advised by the government and local health department. Specific travel information for travelers going to and returning from designated countries with risk of community spread of Coronavirus, can be found on the Ministry of Health’s website and the Embassy’s website.

We understand that this is a scary time for businesses, especially self-employed, small business owners, so if you need help with your business continuity plans, digital marketing/website advice, supply chain issues, employee policy . . or just need someone as a sounding board, The Timely Entrepreneur Resource and Research Centre is here for you.

 

Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy. For some, this may mean business closure. Our resources and guidance material will assist small businesses in conducting business during these tumultuous times. 

Cherise Castle-Blugh

Cherise Castle-Blugh is the Director of Entrepreneur Services at The Timely Entrepreneur®. She has been working to grow the Trinidad and Tobago Entrepreneurial community, creating resources and events to support entrepreneurs. Through understanding the needs and goals of entrepreneurs, academic institutions, support organizations, investors, and businesses, she has developed effective programming and opportunities to connect people. 

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