Stress Control Course - Managing Through Crisis: Let's Talk About Small Business

In the wake of COVID-19 some small businesses are closing their doors, maybe forever, but there's hope on the way in the form of the new relief package from Congress that potentially promises a brighter future. Professor Karen Mills, a former U.S. Small Business Administrator, took a quick break from actually helping to pass the bill through Congress to talk through how it can help, some of the challenges small businesses are facing during the COVID-19 pandemic and offer some advice. 01:32 - How important is small business overall in the American economic landscape? 02:31 - How well prepared were small businesses coming into the crisis? 04:16 - Are there similarities between the current crisis and the 2008 recession? 05:35 - What are some things in the newly approved stimulus bill that will give small business owners some encouragement? 07:04 - What would you suggest to small business owners in the services business? How do they bounce back? 09:20 - Can small businesses still market during this time? What should their priorities be? 11:36 - How can local banks support these businesses? What other kinds of organizations can help? 12:37 - Is this a good time to think about starting a small business? Are there opportunities that can be taken advantage of? 13:49 - Are there other things consumers or businesses can do to support local small businesses?