(This was a comment but I decided to promote it to a post.)
Right now I am up to my ears in trying to keep two different small companies alive. I am also going blind from trying to get answers on the “Payroll Protection Act” on whether it covers 1099 workers.
Both businesses are adapting to the situation and are fortunate not have been “officially” shut down. YET.
We are getting creative, conserving cash like crazy and finding ways to impress our customers for when things get turned back on.
My extensive models (my old and gray head) predict a 99% chance of survival even for a three month shut down.
Assuming we are going to have the Treasury float eight weeks of payroll, the prime asset, the skilled workforce will be intact.
Like any natural disaster, some areas get slammed and need to be rebuilt. This one, some industries will need that. At least half or more will emerge intact. If lenders and landlords and utility companies back off for two months, most restaurants and hotels can come back.
I am currently working out how to send our infection preventing products to oral surgeons, free of charge from our inventory. (They are the only ones still open in most areas.)
Americans can handle this. My old man had to deal with kamikaze attacks and the 1929 depression. This one is nothing in that league.
My bank already told me I can skip 90 days of mortgage payments. I expect the next group to be ‘encouraged” will be the credit card companies.
I feel positive because for once we have a government working on preserving private sector jobs instead of offering government make work.
We will beat this and the next time we will not have to shut down the economy to do it.
Me, I am looking for companies that will make home use virus protection like masks, gloves, UV virus and bacteria killers. Big market in 2021.