Despite the most responsible planning, unexpected circumstances can pop up at any moment and disrupt the best laid plans. There’s no way to predict major catastrophes, natural disasters, or worldwide pandemics. And there’s no way to predict the impact they will have on your business and the worldwide economy. The only thing you have control over is how your business chooses to react to a crisis.
The first thing to keep in mind is not to panic. Your response to the crisis directly affects how your employees react, and how they react to customers, and so forth. Remaining calm and maintaining a consistent message is essential.
When dealing with a crisis, always err on the side of over-communicating with your staff and customers on a regular basis. The more information you can give, the more confident your staff and customers will feel in your ability to handle the situation. In a crisis, throw out the old adage ‘no news is good news.’
Include the following in your communications:
Depending on your business and industry, a time of crisis could be the right time to make necessary adjustments, upgrades, etc. Some things to consider:
If you find yourself experiencing economic challenges as a result of a crisis, be sure to fully explore the options available.
SBA loans are offered through local banks and approved lenders; you will not interact with the government agency directly. Please note, the loan application process can be cumbersome and confusing, if you are having issues, reach out to your lender and they will generally be happy to help you through the steps.
During times of crisis, it’s important to remember to stay calm, pragmatic, and focused. Develop a solid plan early and communicate it with your staff and customers, clearly and regularly. While challenging times may lay ahead, there are many resources available to help you and your business get through the rough patches. With a well designed and executed plan, your business can weather the storm and even come out better on the other side.
KLC Financial Inc. has been financing equipment for businesses like yours since 1987. We take a consultative approach with our customers, providing years of expertise in the equipment financing industry. We can finance deals up to $10,000,000 for both new and used equipment.
KLC lives by our mission statement: To bring advantageous equipment finance solutions to our clients with integrity, depth of knowledge and speed, and treat our customers and partners in accordance with our values.
If you would like to have one of our Sales Representatives contact you and discuss what financing options are best for you and your business please fill out this form and someone will be in contact with you shortly.