8 Things You Can Do To Lower Your Expenses To Survive The Financial Crisis

Reduce overhead. Cut operating costs.

With over 50 years of financial experience and consulting, Errol Gerson has a 10 point plan to help Former CPA, financial consultant, ArtCenter professor and CFO, Errol Gerson, shares his 8 point plan to help you survive during this unprecedented financial crisis caused by the Coronavirus. These are practical financial advice from a person who has seen it all. If you're scared, confused, and not sure what to do about your finances, Errol Gerson is here to help.

1. How to apply for unemployment ‘online’ the fastest way - and the 1 week waiting period has been waived

2. There is a brand new program from the EDD in California called “work sharing” under which employees whose hours are cut by some amount are eligible for partial reimbursement from the State of California and I gave the forms ready and the link to the application process

3. Every designer has to take a close look at their operating expenses both personal and business. Ten point plan for not only reducing overhead but for finding ways to ‘defer’ certain overhead.

4. When will government assistance become available?

Errol Gerson


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Download Errol's Document:

4:00 - business in one sentence
7:00 - what you should ask your clients during this time
15:00 - how to save $25k
22:00 - what to do about expenses***
31:00 - how to save on food
32:30 - taxes, personal insurance, and retirement
37:00 what you should do with debt
40:00 - what to do about healthcare
42:00 - find your break even point
48:00 - what you should do if you have money in the stock market
53:00 - do we need a profit for business loans
1:02:00 - should we wait on buying a house?

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