Worth's Resource Guide for Small Businesses
The U.S. Senate passed a $2 trillion economic relief plan on Wednesday evening, which includes emergency loans and tax provisions for businesses struggling to stay afloat amidst the current coronavirus crisis. UBS has created a resource guide for U.S. business owners, summarizing key details related to business owner relief as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, as well as the SBA Economic Injury Disaster Loan Program and additional relief programs.
During a time of great financial uncertainty, UBS wants to helps shape your wealth strategy around three key dimensions of your financial life:
1. Liquidity—to help maintain your lifestyle.
2. Longevity—to help improve your lifestyle.
3. Legacy—to help improve the lives of others.
In a detailed report, UBS CIO explains the fundamental underpinnings of the Liquidity. Longevity. Legacy. 3L approach—how it works, why it works and how to implement it in practice.
Project Entrepreneur is an investment readiness education program that we’ve put together in partnership with UBS that has a mission to equip more female founders with the resources they need to raise venture capital and change the ratio of women getting funded.
A crucial part of this program is having access to extraordinary advisors that are domain experts—be it in investing or in a particular segment of operations—to be a sounding board and checkpoint for these founders as they complete the curriculum.
While our original intent was to host Project Entrepreneur in person, in light of the existing crisis, we are going to be shifting to a robust digital experience. There’s never been a better time to derive strength from our collective and, as of now, we will hold our first session in April virtually with similar goals of creating a valuable experience for founders rooted in education, community and access.
We’d love to have you as an expert, and I wanted to pass along an official ask for those interested: please complete, as well as share, this form. We would be so lucky to count you as part of the team.
Once confirmed, we will be in touch in the coming weeks to share our plans to facilitate advisor sessions via audio or video calls. Acknowledging that this is a significant ask of your time, during a difficult moment at that, the hope is to create a streamlined process for both our advisors and participating cohort members to make it as easy as possible for you. Please don’t hesitate to reach out if you have any questions—as always we are here and happy to help.
– Rebecca Minkoff, Female Founder Collective
On March 25, the Senate approved a stimulus package intended to help those struggling financially due to the coronavirus outbreak. The bill will go to the House next, which is supposed to vote on the relief plan this Friday.
“You need to protect your cashflow,” Kathleen Entwistle, senior vice president of UBS, said during Worth’s digital roundtable, “Perspectives from the Front Line,” on Thursday. “Right now, just take care of your interest payment, your debt service. Just find ways to leverage liquidity.”
Entwistle also advised small businesses to take advantage of what the government is offering. So, Worth has compiled resources on the stimulus package and everything you need to know about how small businesses will be impacted.