Category Archives: PPP

What Are the Leadership Tips from Two Successful Entrepreneurs?

Stephen D’Angelo and Carol Christopher are two successful entrepreneurs who share their great leadership tips.

  • Originally Published January 5, 2022

Stephen D’Angelo is a best-selling author and Silicon Valley veteran with more than 30 years of experience in the tech industry. He has led global sales organizations as a CRO and served as CEO and President of both private and publicly traded companies. Stephen has been an integral part of IPO’s and company acquisitions and has helped build global organizations that become leaders in their respective market segments.

A single day of peace

His book A Single Day of Peace serves as a guide for self-empowerment and how to climb to success in both business and personal endeavors.

Here are Stephen’s 9 Leadership Tips

#1 Winning

A leader must believe the business can win, but winning is partly dependent on the other principles of leadership.

#2 Accountability

Leaders must be accountable for their actions.  Since your team will hold you accountable and you will instill accountability in them, it’s a two-way street. Both groups need to be totally accountable.

#3 Transparency

Things don’t run smoothly in a business all the time.  There are many bumps in the road.  Acknowledge the bumps and be transparent if you don’t have all the answers.  Brainstorming with your team to come up with creative solutions will make for a stronger business.

#4 Continuous Learning

Learning comes in different forms and shapes for all of us.  From YouTube to books, courses, and learning from each other.  If you are stuck, learning from a coach or mentor can be invaluable.   Don’t be afraid to reach out.

#5 Process and Metrics

If your business has effective and efficient processes (think Amazon) then you will delight your customers and you can measure your results.  The metrics are powerful for customer retention and improvement.

Equally important are the processes for each of your job functions.  If an employee understands what is expected and feels supported, then you will get the maximum output.

#6 Customer and Market Driven

Nothing provides repeat business like customer satisfaction.  If you are focused on your customer’s repeat business is almost guaranteed.   They will stick with you even in times where you might have supply chain or capacity issues if you are transparent and accountable.

#7 Leverage Diversity

If you only hire people like you, your company will be one-dimensional.  Diversity in gender and age is important to the growth of your business.  You need diversity of thought and opinion.  Are you open to diversity?

#8 Caring and Recognition of People

Does your business leadership create a caring work environment and recognition of their efforts?  From the bottom to the top, your business culture must set a standard that cares for its employees right from the first day of hire to retirement.

#9 Having Fun

You and your staff spend at least 8 hours a day with each other, so make it a fun and enjoyable place to work.

For more great leadership advice from Stephen D’Angelo, listen to the full interview on our Fabulous Fempreneurship podcast.

Carol Christopher is CEO of Ellis Day Skincare Science and has a solid background in business

Carol has spent more than 25 years in the biopharma industry, focused on translating new technologies into valuable commercial products and sustainable businesses. As Director of CNS Drug Discovery at ALZA Corporation, Carol built ALZA’s CNS pipeline and is an inventor on several of its patented products, which led to ALZA’s sale to Johnson & Johnson for $13B in 2001.  After ALZA, Carol spent 10 years as a founding team member of three consecutive venture capital-backed biopharma companies (AeroGen, Alexza Pharmaceuticals, and NuMedii), where she held executive roles in finance, business development, and product development.

Carol’s advice on Leadership is to think about forming a Collective in your industry.   What is a Collective?  A Collective is a group of people with similar interests who can help each other grow quickly and sustainably.

Carol is the founder of a Collective in the beauty industry.  With over 300 members they help each other with so many phases of their business that each individual business is able to progress at a faster pace because of all the specialized help they receive from other members of the Collective.

The beauty industry has so many competitors that it is amazing that a Collective with this many members was able to launch, given the competitive nature of the business.

Carol said the secret to success was forming relationships with leaders who were like-minded.  And to find leaders who felt this way, Carol found her tribe on Clubhouse.  After many Clubhouse sessions, a core group formed the Collective for common good.   Members are from all across the globe.

From the Clubhouse start, the Collective moved to form a Group on the Slack platform.   With the ease of asking questions within the Slack group, so many issues have been solved for these beauty businesses.

From labeling to regulatory issues, sourcing products to patents, many questions have been answered by members of the Collective.

Carol finds the Collective to be so inspiring to help founders become better leaders of their business that she recommends it to any small business group.  Click here for the full podcast interview with Carol, 

Elaine Slatter

Elaine Slatter is a Small Business Expert, founder of XL Consulting Group and author of the popular book, “Fabulous Fempreneurship”, a complete business guide for women. XL Consulting Group helps entrepreneurs with market planning, strategy, branding, web design and social media. She has over 30 years of executive business and marketing experience and is ready to help you rocket your business to success. Elaine is passionate about mentoring women to become successful women entrepreneurs. To find out more, visit XL Consulting Group or join the Fabulous Fempreneurship mastermind.PrevOlder Stories


Will Your Company Require Vaccinations Monday? U.S. Supreme Court Could Decide Soon!

It’s possible that a decision may come as early as Monday when the Emergency Temporary Standard is set to go into effect.

BY SUZANNE LUCAS, FREELANCE WRITER@REALEVILHRLADY


Business owners and HR managers who have 100 or more employees got a little closer to a resolution over the Occupational Safety and Health Administration’s (OSHA) Emergency Temporary Standard when both sides argued before the U.S. Supreme Court today.

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The standard requires employers with 100 or more employees to either mandate vaccinations for all or to require your unvaccinated employees to take weekly Covid tests and wear a mask unless they work alone or 100 percent outside, among other things. But the objections center around these two principles.

The Sixth Circuit Court lifted the stay on the standard on December 17, and if the court doesn’t reenact the stay by Monday, it will go into effect on Monday. They may give a quick response, but not entirely necessary from an employer’s point of view. OSHA said that as long as companies are operating in “good faith,” it will not begin enforcement until February 9, giving the court a bit more time to decide.

While the briefs tend to be a more substantial influence on the justices than the oral arguments, you can get some idea of what to expect from them. Here’s what you need to know:

The Possible Outcomes

OSHA attorney Phillip Russell, an equity shareholder at the employment law firm Ogletree Deacon, gave four possible outcomes, each with its own set of issues for business owners.

  1. SCOTUS enters an indefinite stay pending further action by either SCOTUS or the 6th Circuit;
  2. SCOTUS enters a brief stay for the Court to further consider the briefing and oral arguments before addressing an indefinite stay;
  3. SCOTUS denies the applications and allows enforcement to begin as OSHA wants on Monday, January 10; or
  4. SCOTUS denies the applications and allows enforcement to begin, but enters a brief stay giving employers time to comply

In other words, a quick decision may not be a final decision. There may be a lot more before a final decision happens.

Opinions Seemed to Form Along Ideological Lines

Covid has been political for a long time, and those political lines seemed evident in the hearings. As an employment attorney and partner Jon Hyman at Herzer Wickers Panza says:

Based on the tone and tenor of the questions, there exists a clear, and not unsurprising, left/right divide on the court, which does not bode well for the ETS going into effect. I don’t see 5 votes against reinstating the stay.

For example, Justice John G. Roberts Jr. (appointed by George W. Bush) and Justice Neil M. Gorsuch (appointed by Donald Trump) both indicated that federal agencies were not the right place to solve the pandemic, while Justice Elena Kagen (appointed by Barack Obama) and Justice Stephen G. Breyer (appointed by Bill Clinton) indicated that the employees of the U.S. needed this mandate.

While it may be fun to guess which way the justices will rule based on what they say, it’s important to keep in mind that a statement made or a question asked in court may simply be a thought exercise, and not the justice’s true opinion. Regardless, there seemed to be a clear division along political lines.

What’s at Stake

While it may seem like this is a battle between pro-vaccination people and anti-vaccination people, that isn’t the case. A Court spokesperson said that all nine justices were vaccinated and had received booster shots. This is a case about federal power, versus state power, and who should be responsible for employee health.

U.S. Solicitor General Elizabeth Prelogar argued that even though Covid is a threat outside as well as inside the workplace, OSHA could still regulate that hazard.

Washington lawyer Scott A. Keller, representing the National Federation of Independent Business, argued the opposite, saying “[A] single federal agency tasked with occupational standards cannot commandeer businesses economy-wide into becoming de facto public health agencies.”

While this ruling will ultimately affect some 80 million employees, it doesn’t cover all employees and all businesses. Meaning, the U.S. could end up seeing vast differences in Covid rules for different organizations.

Hopefully, the ruling will come quickly and be decisive, one way or the other, but it’s likely that businesses will still be in limbo for a while.

 

JAN 7, 2022

 


Important Ways To Access Emergency Funding From The Government

How to Access $350 Billion in Emergency Funding From State and Local Governments

The Paycheck Protection Program may be over, but you can still get emergency funding. Just look closer to home.

 

How to Access $350 Billion in Emergency Funding From State and Local Governments

 

Originally Published on July 2nd, 2021 BY BRIT MORSE, ASSISTANT EDITOR, INC.@BRITNMORSE


Federal Covid-19 relief programs may be winding down or–in the case of the Paycheck Protection Program–over, but chances are, your business might still need aid.

Half of the country’s smallest businesses continue to struggle with the economic impacts of the pandemic, according to a June report by Yahoo Small Business. The survey also found that just 38 percent of microbusinesses–defined as those with fewer than five employees–received government support during the pandemic, with 85 percent saying they relied on community assistance to keep them afloat. 

If your company still needs financial support, consider tapping state and local small-business relief programs. Many of these programs were launched early in the pandemic, but they still have funds available. The American Rescue Plan Act, which President Biden signed into law on March 11, 2021, allocates $350 billion to states, localities, territories, and tribal governments to help eligible residents. Of that, $195.3 billion is going straight to the states.

According to the National League of Cities, an advocacy group for municipalities, the funds for local governments will remain available through December 31, 2026, but may only offset costs incurred by December 31, 2024. While states can elect to deploy the money in different ways, approximately 30 states, including Utah and Georgia, are using it to fuel small-business relief efforts, mostly in the form of loans or grants. Some states also offer to connect founders with resources or mentorship.

Wolf’s Ridge Brewing, a pub, and restaurant in Columbus, Ohio, was approved for a $10,000 grant through the state’s Bar and Restaurant Assistance Fund in November 2020 after the company was forced to lay off most of its 77-person staff. Co-founder Bob Szuter says the assistance program, which ended in January 2021, was not small change. “The total amount was not significant relative to the size of our business, but it certainly helped during a difficult period of 2020 when we did not know when and if there would be additional federal support,” says Szuter.

Different States, Different Rules

Every state and local program is unique–proffering different eligibility requirements, potential awards, and revenue-loss floors. Some programs require businesses to show certain revenue-loss thresholds or proof of having to close up shop. For example, businesses in Grand Junction, Colorado, can access up to $7,500 in grants but must demonstrate that the business was compelled to close or substantially limit operations because of the pandemic. New York awards grants based on an entity’s annual gross receipts for 2019, with a maximum of $50,000. Connecticut supplies one-time grants of $5,000 to businesses with fewer than 20 employees or a 2019 payroll of less than $1.5 million.

Other states offer both grant and low-interest loan programs–typically defined as loans with interest charges of less than 5 percent. Arizona’s Small Business Success Loan program offers loans of up to $75,000 with repayment terms ranging from six months to five years. Similarly, the Illinois Small Business Emergency Loan Fund provides businesses with fewer than 50 workers and less than $3 million in revenue low-interest loans of up to $50,000. At least 50 percent of a loan’s proceeds have to be applied toward payroll or other eligible compensation, including salaries, wages, tips, paid leave, and group health care benefits.

No Assurances

While these programs may still have plenty of funds available–some don’t even have an application deadline–you’d better act fast. Many programs are accepting applications on a rolling basis until the funds are gone. That’s why it’s best to get your applications in as soon as possible, says Tom Sullivan, vice president of small-business policy for the U.S. Chamber of Commerce, which has been following state programs throughout the pandemic. But track them, he says. While all 50 states are due some portion of the funding from the Rescue Plan, the timing of the disbursements may be different in each state.  

To wit, the timing of the second tranche of funding provided to states through the Rescue Plan is contingent on the local unemployment rate. According to the Treasury Department, states that have experienced a net increase in the unemployment rate of more than 2 percentage points from February 2020 to the latest available date of certification will receive their full allocation of remaining funds in a single payment on or around May 2022. Other states will receive funds in two separate, equal tranches.

With that, some states, counties, and cities may choose to establish new programs in the near future, says Sullivan. Governments have to apply through Treasury, and those applications are getting processed now, he says. He recommends first getting in touch with your local chamber or local economic development center, as these institutions may be paying close attention to the deployment of funds. 

Before you contact a local department or apply for assistance, it’s crucial to have your financial documents in order, notes Sullivan. This includes annual or quarterly profit-and-loss statements and tax documents. “Every city and county is generally a little different,” says Sullivan, “but the folks who get their stuff in first generally get preference.”

Inc. helps entrepreneurs change the world. Get the advice you need to start, grow, and lead your business today. Subscribe here for unlimited access.

RELATED:

Paycheck Protection Program (sba.gov)

SBA Paycheck Protection Program Update: SBA Provides Guidance On Certification Of Need And Extends Safe Harbor For Repayment Of PPP Loans – Government, Public Sector – United States (mondaq.com)


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