John Scully Authors Opinion on Startup and Small Business Survival Absent Outside Funding in Small Biz Daily
In early March, Silicon Valley venture capital firm, Sequoia Capital warned of a drop in business activity, supply chain disruption and travel curtailment. As the world continues to fight COVID-19, equity funding for startups and small businesses will likely diminish, similar to what happened in 2001 and 2008. This time around the federal government proposes to expand Small Business Administration (SBA) lending. John Scully shares with startup and small business leaders some practical alternatives for addressing sudden cash flow challenges, absent attractive debt or equity financing alternatives. Identifying any unbilled work, restructuring payment terms and understanding large customer payment processes are a few ways John recommends addressing cash flow needs during this time of uncertainty. Read more.