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by mindfulgeek 2289 days ago
Hubby and I own a coffee shop. We closed up on Monday. We have cash reserves to pay our staff and rent for a month (As if they are still working). Praying we’ll be able to increase online bean sales to cover payroll before then.
1 comments

It might be better to lay them all off right now, and let them collect covid unemployment benefits. Maybe give them a bonus on the way out the door if the math doesn’t work out well enough for them.

That way, you’ll have the cash reserve left over to reliably reopen (and rehire them) after the crisis.