On this episode of The Small Business Radio Show…
SEGMENT 1, starting at 0:00: It has traditionally been very difficult for minority entrepreneurs to find financing for their business. So where can they turn now during this pandemic when their businesses need it most? Here to help is Rohit Arora, the CEO of Biz2Credit.
SEGMENT 2, starting at 19:15: One of the most important organizations that has always helped small business is SCORE. With their 300+ chapters and 10,000+ volunteers, they are there when entrepreneurs need help. Now during this pandemic, their assistance is needed more than ever. My next guest is Bridget Weston is the CEO of the SCORE Association.
SEGMENT 3, starting at 37:30: The COVID-19 pandemic has limited our ability to go about our normal routines. For many of us, that means a lot of our days look very similar, and that can put us into a funk! How can you fight the funk? Here to help is Coach Micheal Burt who is considered “America’s Coach”.
Sponsored by HR Direct
More on each segment below.
Segment 1: Rohit Arora is the CEO of Biz2Credit, which is a pioneer in the fintech space and one of the country’s leading experts in small business finance. Since 2007, Biz2Credit has arranged more $3 billion in funding and has over 200,000 small and mid-sized company registrants.
1:30 – Lessons learned for small businesses from the last recession.
3:45 – Black entrepreneurs have historically faced greater challenges that white business owners in securing capital. How have they been fairing during the pandemic?
5:30 – Is the Black Lives Matter movement making a difference for black-owned businesses? 6:30-7:20
7:30 – Where are the best sources for small business financing for minority-owned businesses? 8-8:45
9:15 – What the challenges and successes of securing small business financing right now?
11:45 – What is the state of the PPP and EIDL?
14:00 – How do the SBA loans work?
Segment 2: Bridget Weston is the CEO of the SCORE Association, where she provides executive leadership and works directly and collaboratively with the board of directors to establish the vision and direction of SCORE.
19:15 – How is SCORE helping small businesses during this pandemic?
21:45 – What do small business owners need the most right now?
23:00 – How do you get your PPP loan forgiven?
26:00 – How to engage customers and clients during the pandemic.
28:30 – How do you determine if you should re-open your office space?
30:30 – How the SCORE Small Business Resilience Hub helps small businesses get their questions answered during this pandemic.
32:30 – What do you see in the future for small businesses over the next year?
Segment 3: Coach Micheal Burt is considered “America’s Coach,” a unique blend of a former championship basketball coach combined with a deep methodology of inner-engineering people to produce at a higher level in the business world.
37:30 – How can this pandemic be one of the best things that ever happened to businesses?
40:45 – What is the “FUNK”?
42:00 – You can only control the action you take. Why is this an important lesson for small business owners?
43:30 – How do you take the first step in fighting the FUNK?
46:15 – How can someone activate the PREY DRIVE they need to prosper in this season?
50:00 – What’s in your crystal ball for small businesses over the next year?
Sponsored by HR Direct
