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Managing Your Costs - Shared screen with speaker view
Teri Terrien, SCORE Rhode Island
30:11
For those just joining, please submit any questions you may have via chat.
Gina Ferrara
33:07
I am a current member / food member at Hope & Main (which was just mentioned). What is the best way to account for rent costs when it changes from month to month? It is also a tiered rate, depending on the # of hours spent per month
Natasha Perez
40:30
Can you send the slides out to attendees?
Teri Terrien, SCORE Rhode Island
41:05
Yes. The slides will be shared along with a recording.
Natasha Perez
41:13
Thanks!
Subash Srinivasan
41:49
Thanks!
Alys Myers
51:22
What type of loan did you say is available for working capital?
Rochelle Blease
51:37
SBA 7(a)
Alys Myers
51:47
Thank you!
Subash Srinivasan
53:21
Gina raised a good point, while the lease did not change, rent on the restaurant in downtown Boston doubled in 3 years! Because of base rent with plusses
Alys Myers
56:53
I feel that Quickbooks is really too expensive. What do you think about some other accounting software?
Claudia Middendorf
57:24
Try WAVE Accounting - I use it and it’s free. Easy to use.
Alys Myers
58:04
Can it be attached to Shopify for them to work together?
Chelse Prejean
58:54
.Any recommendations for banks or credit unions?
Claudia Middendorf
59:01
I use Squarespace and it works, though you have to watch double Credits/Sales. I’m still learning it.
Chelse Prejean
59:29
Thank you!
Alys Myers
59:39
NBKC was voted best small business bank. I’ve been using it for this year. Great customer service.
Claudia Middendorf
59:47
For Credit Unions: I use Navigant. They have online service and mobile apps too
Teri Terrien, SCORE Rhode Island
01:00:38
www.ri.score.org when looking for a SCORE mentor
paula parkas
01:06:23
With covid my fix costs have not changed and actually they are going 15-20% higher. My sales are 65% down and I have pared down lean. My mentor has been great. I will lose the holiday and January sales that I would have had. I am a mature business. We deliver, outdoor sales, internet sales, etc. I know this is a blip in time. What can we do now to hold on. You have great ideas for normal times. I do not use keystone pricing. It is higher. Gross profit margin 58%. Rent is the biggest pull as a fixed expense because of the region. I have controlled purchases to the most essential to succeed and keep a sale. What more can I do?
Joseph Attia
01:16:44
i am considering using a virtual assisitant for basic bookkeeping for multiple businesses. pros or cons to this?
Paul Records
01:24:16
Great session. Thank you for your time and information!
Claudia Middendorf
01:24:41
Bill Welsh. Great point!
Subash Srinivasan
01:24:46
Yes, and thanks for the presenters and moderators!
Claudia Middendorf
01:25:00
Thanks to you all. Way too little time!
Alys Myers
01:25:02
This has been wonderful and so helpful!
Gina Ferrara
01:25:43
Thank you all so much!
Melissa Leandro
01:26:12
Thank you