What are additional best practices I should consider?

TRACK LOSSES– During moments of disruption it is important to track any loss your business may have incurred as programs designed to assist cash flow needs and access to capital depend on accurate counts of economic injury or production loss.

Inventory and Supply Chain Shortfalls – While the possibility could be remote, it is a prudent preparedness measure to ensure you have either adequate supplies of inventory for a sustained period and/or diversify your distributor sources in the event one supplier cannot meet an order request.

Are there other markets I can reach to increase my business during this time?

Consider Government Contracting

Become a vendor with Los Angeles County

Also, SBA is focused on assisting with the continuity of operations for small business contracting programs and small businesses with federal contracts. For more information on federal contracting, visit

https://www.sba.gov/federal-contracting/contracting-guide

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Can I increase prices for my services and products?

Price gouging is the act of a business raising prices of needed products and services over 10% during a declared emergency. Price gouging is prohibited and is governed by California Penal Code 396 and the Los Angeles County Price Gouging Ordinance. For 30 days following the declaration of emergency, it is illegal for a person, contractor, or business to sell or offer to sell any food items or goods or service for a price of more than 10 percent above the price charged by that person or business immediately before the declaration of emergency was issued.

What if I must lay off employees to avoid closing by business?

Is your business facing the possibility of laying off employees or even closing? The Los Angeles County America’s Jobs Centers of California (AJCCs) can help you get your business back on track. Specialized Business Service Representatives can work with you and your employees to minimize losses and improve morale. We can also assist your business with strategic planning to ensure that your business does not face a similar situation in the future.

What if I must lay-off employees to save business?

A new bipartisan spending package was passed in the US House of Representatives and the Senate. This package, when it is implemented, will provide $7 billion in federal funds to assist small businesses that suffer economic harm from the coronavirus outbreak. New information will be released once available.

The California Governor’s Office of Business and Economic Development (GO-Biz) provides IBank loans (there are a few types) for businesses from one to 750 employees (small businesses). CLICK HERE

Do I have to close my business?

As of Thursday, March 19, 2020 at 11:59 p.m, the City and County of Los Angeles issued the SAFER AT HOME order which mandates certain businesses to close and allows others to remain open. Below is a brief overview of the order. For the complete order, click here. ( Link) https://covid19.ca.gov/img/N-33-20.pdf

YOU CAN … 

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