My Restaurant Was My Life for 20 Years
Does the World Need It Anymore? Everybody’s saying that restaurants won’t make it back, that we won’t survive. I imagine this is at least partly true: Not all of us will make it, and not all of us will perish. But I can’t easily discern the determining factors, even though thinking about which restaurants will survive — and why — has become an obsession these past weeks. For restaurants, coronavirus-mandated closures are like the oral surgery or appendectomy you suddenly face while you are uninsured. These closures will take out the weakest and the most vulnerable. But exactly who among us are the weakest and most vulnerable is not obvious.
NJEDA Launches NJ Entrepreneur Support Program
A $5 million guarantee program. The New Jersey Entrepreneur Support Program is a $5 million program that will create a guarantee to support repayment of an investor loan advanced for working capital purposes and is designed to encourage investors to support businesses within their portfolios. The program will provide an 80% NJEDA guarantee for an eligible new loan or convertible note by a qualified investor into a New Jersey qualified business, not to exceed a $200,000 guarantee per company.
10 Marketing Tips
To best prepare for business after COVID-19. Only a few weeks ago, who could have predicted that “social distancing” would become the norm, and that a large percentage of the population would be under “stay-at-home” orders? That, as we all know, is the unusual world we are living in. But are there steps that small and mid-sized businesses can take now to best prepare for business after the coronavirus crisis? Rather than sit on the sidelines and in 6 months wonder what happened, it is vitally important to take a proactive approach now so that a 3-month crisis does not turn into a 9-month business downturn. Taking steps now can best prepare your company for the better days ahead.
Did You Know?
Exclusive interview with Chairwoman of the NJ Restaurant Association. Bielat Santore & Company’s “Thursday Restaurant Rap” continues today with restauranteur, humanitarian and Chairwoman of the NJ Restaurant Association, Marilyn Schlossbach. This series appears each Thursday within the company’s Restaurant Industry Alert daily bulletins. It presents recorded virtual video interviews with local restauranteurs and other industry professionals, many of whom are the firm’s clients, customers and associates.
Employee Tip
Implementing Safety Practices for Critical Infrastructure Workers Who May Have Had Exposure to a Person with Suspected or Confirmed COVID-19. To ensure continuity of operations of essential functions, CDC advises that critical infrastructure workers may be permitted to continue work following potential exposure to COVID-19, provided they remain asymptomatic and additional precautions are implemented to protect them and the community.
Restaurant Industry Daily Alerts
A voice for our industry. If you are finding these daily bulletins informative and beneficial during this pandemic, we kindly ask that you write a brief Google review providing a vote of your appreciation. Simply Google “Bielat Santore & Company” and when the company name appears click the button on the right to write your review or; if you don’t use Gmail, go to Google Maps, type “Bielat Santore & Company” – Allenhurst, NJ into Google Maps; scroll down and you will see an option to leave a review.
Thank you and remember all of the “Restaurant Industry Alerts” and “Thursday Restaurant Rap” interviews can be found at www.njrestaurantsforsale.com/news/. We intend to continue to keep you informed as we all look for an end to this crisis.
