In a keynote presentation for AVNation’s Learn from Home Summit, NSCA Executive Director Chuck Wilson covers government assistance options, conducting a company financial stress test, and choosing difficult next steps.
AVNation conducted a two-day Learn from Home Summit that provided education and discussion for integration industry employees working from home during the COVID-19 crisis.
NSCA presented on business continuity: our overwhelming focus over the past several weeks. Executive Director Chuck Wilson offered a presentation aimed at helping integrators understand their government assistance options, conducting a financial stress test, and making critical decisions about next steps.
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As we all navigate our way through this very unexpected crisis, NSCA is focused on providing guidance and resources to help you remain in business. Many integration firm leaders – even the sharpest and most experienced in the industry – need a little assistance to understand their financial aid options related to the CARES Act. This session breaks down pros and cons of various government assistance options. We also address the reality that many firms are seeing drastic reductions in revenue and are faced with unenviable budget decisions. Listen for tips on balancing employment levels with revenue projections, how to conduct a financial stress test for your company, and key areas of evaluation to help company leaders truly understand where they stand so they can make tough decisions.
Topics include:
- Specific ways in which integration firms have been impacted by the COVID-19 crisis
- Details on the CARES Act’s Paycheck Protection Program
- Why it’s essential to conduct a financial stress test for your company and how to do it
- Decision points: how to consider those critical next steps