SBA 2nd Draw PPP Loan Application Released

Late Friday, January 8, the SBA (Small Business Administration released policy guidance and forms for both borrowers and lenders.

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One key addition to the new form is VOLUNTARY demographic information to demonstrate what funding is being distributed by veteran/gender/race/ethnicity designations.

“PPP 2nd draw applicants should work through their lender. The application is provided to give you a head start on what information will be required.

PPP 101 - $ for Oklahoma Black Business
Join us on Zoom 1/14 for questions for really small and minority businesses need answers to get prepared.
https://zoom.us/j/91324403145?pwd=NzVnaHorblBsQU12WXEvSXBlRWE4Zz09
Meeting ID: 913 2440 3145
Passcode: 2BGTwj”

PPP 101 - $ for Oklahoma Black Business

The new round of PPP has special provisions to ensure small, women-led, black and minority businesses receive access to funding.

Hear what works and get simple advice and clear answers from a BLACK-OWNED Oklahoma Business who got a PPP; and with a little help ~ how you can too.

Visit our events page on FB @FCGGroupTulsa for event details to participate on ZOOM January 14 @ 6pm CST.

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

PEACE~LOVE~JOY - Holiday greetings from the FCG Group Tulsa

2020 has been a year of change, challenge and compassion.

This holiday season

what truly matters:

Family, Friends, Health and Hope.

From the FCG Group Family to yours, we wish you every happiness, and count YOU among the many blessings we are thankful for.

VIRTUAL TRAINING - 3C'S to Improve your Bottom Line

Missed the online training? View the interactive discussion on Customers, Competition and Cashflow.

FCG GROUP popcorn series 11/5/2020 presented by 36 Degrees North

Join me for next month's FCG GROUP popcorn series - 3C's to Improve your Bottom Line presented by 36 Degrees North

Register here for this virtual online business class.

https://www.eventbrite.com/e/virtual-3cs-to-improve-your-bottom-line-tickets-124475757341

Oklahoma Covid-19 Part 8 - Micro small biz impact survey - will your business or self employed profession survive 2020?

Will your business or self-employed profession survive 2020?

GOT 5 Minutes? CLICK & BE HEARD

It’s time for MAIN street, not WALL street:

Small business, women-owned, and culturally specific micro businesses are the backbone of our service and gig economy.

Oklahoma COVID-19 Part 7 - Will you lose customers to ACTUAL death or SALES death?

Today’s video clip focuses on confronting uncomfortable business facts and calculating business #risk from customer losses associated with reopening your small business.

Will you lose customers to ACTUAL death or SALES death?

EVERY business is impacted by a DEATH calculation.

It's always been there. The difference between inactive and active customers. It is important to understand your small business’ death calculation now more than ever.

Many small businesses before #COVID-19 had stagnant or moderate incremental growth because of no clear customer segmentation. Who is your business’ ideal and most profitable customer? What is their average buy? How often? And how much does it cost YOU to sell to THEM?

If you didn’t know it before, not knowing it now makes the likelihood of losing more customers on top of density rules and #coronavirus fear that much more of a risk to your business.

Have you weighed the risks to your business of:

1. Customers who won't shop (Return)

2. Customers who won’t take health precautions and worst yet

3. Customers who threaten or intimidate employees for enforcing health and safety. (Are these even enhanced skills and training you’ve provided to your employees?)

Can you afford to lose customers, lose employees & face increased liability risk?

In the absence of clear health and safety policies, customers are left evaluating THEIR risk before returning to YOUR business.

Too strict or too lax policies can cost you customers, employees and invite additional liability.

Not sure where to start? Give us a call.

Oklahoma COVID-19 Part 6 - Why so many Oklahoma small businesses were NOT prepared to apply for PPP loans

Today’s video clip focuses on removing the barriers hindering critical banking relationships needed for growth.

Before social distancing, many Oklahoma businesses remained at stagnant levels without solid financial records, strategic plans and implementable #growth and revenue plans.

THE REASON? Because many business owners had great work ethic and great ideas, but not great records.

#Coronavirus exposed the huge gap in fundamental business records and processes needed by many small, #minority-owned and #women-owned businesses to demonstrate profit and loss and expense ratios to ensure business success.

Join the FCG Group's discussion as we focus on the #business lessons learned by lack of #P&Ls and #Balancesheets and other indicators of the overall health of #Oklahoma #smallbusiness.

The local mom and pop business model highlights the best of Oklahoma #entrepreneurs - and exposes the high #risk of closure without established banking relationships and access to capital.

Not sure where to start? Give us a call.

Removing the barriers hindering critical banking relationships needed for growth, join the #FCGGroup's discussion on why so many small, minority, rural and w...

Oklahoma COVID-19 Part 5 - Re-evaluating your small business supply chain - business lessons of a just-in-time economy.

Today’s video clip focuses on rethinking carry and inventory costs, a "just enough" supply chain, and calculating hold and turn and minimizing commodity price and availability risks.

Join the FCG Group's discussion as we focus on the #business lessons learned by #supplychain shortages.

As the costs rise of basic commodities, at the same time sourcing consistency and product availability remains uncertain, how will you stabilize your business inventory and supply chain costs?

#Oklahoma small businesses thinking of #reopening from #Covid-19 must ensure they can sustain a 25, 50 or 75% revenue decline for the remainder of FY 2020. What will your revised COGS for key products your business needs in Q3-Q4 2020?

1. Have you considered supply chain availability and cost against downward revenue forecasts?

2. Have you modeled and can your business sustain on 25, 50, or 75% less revenue for the remainder of FY 2020.

3. Have you STARTED the process of revising your revenue and expense projections?

Not sure where to start? Give us a call?

Join the FCG Group's discussion on calculating hold and carry costs for a "just enough" #inventory and supply chain model. Today we focus on the #business le...

Oklahoma #COVID-19 - You reopen but WILL they return?

Oklahoma COVID-19 Part 4 - You reopen but WILL they return? Today we discuss why now more than ever it is important to understand and recalculate customer value, revenue projections and additional risk mitigation costs to reopen your #business.

Have you factored the return expenses and revenue possible associated with he 2 most valuable resources of your business? Customers AND Employees What ADDITIONAL reopen expenses are factored into your cost of doing business? What are your REVISED revenue projections? Are they sustainable for Q3-Q3 2020? Virus is targeting key customer Demographic Tulsa County >65 - These customers are not ready to return until at least June. Can your business wait that long?

Part 4 - #Oklahoma You reopen - but WILL they return? Understanding customer value, revenue projections and additional risk mitigation costs. Join the FCG Gr...

Are you having a professional mid-life crisis?

Are you having a professional mid-life crisis?

This is the last question I thought I would pose to myself or to others until I started to hear a familiar saying consistent in both my circle of professional and personal friends - regardless of gender; there was still the same stumbling block. Being stuck and not knowing exactly why. Being uncomfortable, dissatisfied, bored or downright frustrated, but WHY?

 Some could identify its root cause and some, including me, initially could not.

Most only knew that they were uncomfortable, and uncomfortable to the point that it finally became a catalyst for change.

For some that change was welcome and pleasant,

For some it was a planned phase into ‘what’s next’ but,

For most when it happens it is an unpleasant jolt into the reality that you haven’t achieved your financial goals, your business goals, your definition of success, (or worse yet someone else’s definition for you), and

Finally you haven’t fulfilled your life’s purpose( WTF%%$!!)

OR

Maybe you HAVE crossed off YOUR checklist and the thing you’ve done all this time to earn a paycheck makes you miserable.

Sound familiar? Now that your crisis has a name, what will you do differently in 2020? Stay tuned…

Creating the BEST Executive Summary for your Business - from the SBA

Business owners can use an executive summary as the document to meet a variety of needs. However, many people are familiar with a business plan, but not an executive summary.

It is important to keep these key points in mind when drafting your executive summary:

• What do you do for whom?

• How do you do it differently?

• Why are you particularly good at it?

Need an EXECUTIVE SUMMARY? The FCG GROUP can help.

>Read More

Work Based Learning - A win-win for small business?

The challenge of hiring the right staff applies to any business big or small but often start-ups operate on such thin margins that employee costs can really have an impact to the bottom line. Are there low or entry level tasks you're paying full time rates for?   Consider WBL.   With a little time and research on your part, the Tulsa Job Corps has a variety of well qualified students looking for work opportunities before completing the program.

FREE to you the employer, you get to mentor a student with Skills and expectations of performance feedback. From warehouse to light clerical to food service and security you can offset your labor costs and provide valuable real world experience.

Tulsa Job Corps, just might be right for your business.  More skill sets available. 

Jump start your Small Business in 2014

Click to read quick tips and tools to help you business succeed.

2014 Small Business Resolutions