We are so wrapped up in helping clients and answering the deluge of calls atm. I don't know about the rest of you, but I'm starting to panic about my own business.
1.Turnover likely to drop +50%, poss more
2. I can't claim furlough for myself or my 2 staff as we need to process client claims, and continue working for clients if we want to retain them afterwards (if there is an afterwards)
3. I'm in a serviced office, so no SBRR, therefore no grant
4. Landlord won't cut rent
5. I can't cancel any software subs, in fact, I can hardly cut any overheads at all
I'm not going to be taking a wage for the foreseeable, and may have to inject cash.
Are many of you in the same position?
Replies (3)
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Depends what they do for the self employed really. At the moment most my clients haven't worked and are skint so my income has dropped. But if they announce a package to help them then I should be fine for the moment.
The issue I think is when this is all done whether there will be any business left for them. I know the black cab trade is really suffering and I just hope when people realise how invaluable they are, this situation may give them the boost they have needed for years.