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Covid-19 Small Bike Business Resource Guide: Part 2 – Maintaining Payroll

Avatar by on April 3rd, 2020 at 10:26 am

(Photo © J. Maus/BikePortland)

Part two of a three-part series written by Rebecca Small and Shawn Small. See full series here.

We continue with another timely article that’s tailor-made for Portland bike businesses. On Wednesday we explained how to navigate the system and find unemployment benefits. Today we’ll share the latest links and advice for how to manage cashflow and maintain your workforce.

Part 2: Resources to help maintain payroll

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Covid-19 Small Bike Business Resource Guide: Part 1 – Unemployment

Avatar by on April 1st, 2020 at 4:52 pm

A machine operator at Chris King Precision Components, one of Portland’s many small bike businesses.
(Photo © J. Maus/BikePortland)

A three-part series written by Rebecca Small and Shawn Small. See the rest of the guides here.

Uncertainty is hardly a new sensation for small business owners. Throw in a pandemic, a statewide lockdown, and implosion of the national economy and our local entrepreneurs find themselves facing previously unknown levels of apprehension and sleepless nights. Lately it may seem like there are a million possible wrong choices.

Every one of the nearly 100 different bike-related business in Portland, from the biggest bike shop in town to a self-employed bike fitter, falls into the category of a “small business” – by definition, a company with fewer than 500 people. Most are much smaller: 9 out of 10 businesses in Oregon have fewer than 20 employees. Despite their size, they employ 55% of the state’s workers. They are critical economic engines of our community.[Read more…]