Mar 30, 2020
In episode 245 of Financially Simple, Justin is joined by The Dental Guys, Jon and Wesley, to talk about closing down a dental business while taking care of their teams.
The current COVID-19 crisis is forcing the hand of many businesses, both small and large, to close and lay off staff or, where possible, pivot into other areas. Justin, Jon, and Wesley discuss how the pandemic has affected their dental practices, and how they have managed the closures and supported their teams.
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01:08 - Ask Justin featuring The Dental Guys: Handling the COVID-19 Crisis
03:11 - Decisions Made Due to the Virus
09:27 - Telling the Team
12:30 - Closing Down: The Thinker Approach
18:06 - The Feeler Approach
22:32 - Starting Back Up
29:35 - Retaining Laid-Off Team Members
36:35 - Jon’s One Piece of Advice
41:47 - Wesley’s Advice
45:47 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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