Running a business can be very challenging. Oftentimes you have to make hard decisions and sometimes you have to make them quickly. During this time of the Coronavirus crisis, we have had to make some of those decisions. With some of our clients going out of business and others having to shut down for the unforeseeable future, we have had to make decisions to help keep the company going.
Erik and Kevin quickly decided to make small cuts in order to avoid deep cuts. They decided to cut back on software that isn’t essential to our operations, cash awards for our monthly staff award winner, company lunches, and IRA company matches. They weren’t decisions that were made lightly but they were necessary. Cuts like this avoid deep cuts like having to let go of employees. That’s what we want to avoid.
When tough times hit it’s important to make decisions quickly. It could make the difference between small cuts now or deep cuts later on.