5 Tips to Help Keep Your Business Financially Successful in 2021
Life was anything but normal in 2020, with the effects of the COVID-19 pandemic reaching into nearly every facet of our daily routines — from how we work and educate our children to how we shop and socialize. Given the scope and scale of the resulting changes, many businesses have permanently closed or are hanging by a thread.
“Businesses are finding themselves in extraordinary circumstances,” says Tom Van Hemelryck, Idaho Regional President at WaFd Bank. “For some, cash is tight due to business limitations, while others have actually seen their savings increase.” For Van Hemelryck, one thing that hasn’t changed is the importance of making smart decisions to stretch every available dollar. While a return to normalcy will take time, it at least appears to be in sight.