Managing money is super important at this time, so this week we geared up to learn all about finances! We heard from special guest Debbie Hines, an advisor with Wells Fargo. She presented on how to help your business and clients recover and stay financially resilient through the pandemic.
Top Takeaways:
- Covid has changed our spending patterns. Many people are now focused even more seriously about how to save and plan for their future. Consider how you can support your customers in that goal.
- Contact your financial advisors, as well as tax advisors, for advice on how to take advantage of opportunities to help your business through this time of transition. The CARES Act or PPP for businesses may be beneficial. Don’t be afraid to ask questions!
- Both individuals and business owners are questioning how to manage any savings during this time. Debbie’s advice is to take advantage of matching programs with your 401k, and to look into Roth and Traditional IRAs if you are already maxing out a 401k.
- Continue to market yourself! One idea is to check out local bloggers and other content creators to see if they would be interested in having you speak to their audience about your business, product, or services.
- Ask other local owners and managers, those you know and even those you may have just met, if they can give recommendations to help you grow your business. Lots of people are willing to offer suggestions, share contact info, and give referrals!
We all know finances can be tricky, especially in the current situation, but Local Links is happy to connect you with experts in finance, as well as marketing, advertising, legal, and more! Our masterminds bring business owners together to support one another!
If you are seeking financial advising, you can contact Debbie Hines by emailing Deborah.d.hines@wellsfargoadvisors.com or by calling 310-725-2276.
If you have questions or requests, please let us know by emailing my@locallinks.online.
P.S. Want to watch the mastermind on demand? Sign up for an Adapt & Thrive Plus Membership! For just $5 a month, you get access to nearly all of our mastermind presentations, as well as any slide decks and additional materials shared. Also register for the next Adapt & Thrive here!
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