This Webinar will be our first in a possible series of presentations and workshops in 2020 on the topics of business, financial and legal preparedness by a small dental practice in catastrophes such as the current one. In order to react in an orderly way to traumatic business events, we’ll discuss tried and true financial and business planning strategies and educate ourselves on current legal concepts that affect decision-making during and after slowdowns, closures and potential virus resurgences. Create financial resilience in your practice and update yourself on new legal burdens imposed on small employers that will help reduce uncertainty and second guessing.
The first hour of our presentation will be by a Director and Counsellors of the Small Business Development Corporation in New York City (SBDC). SBDC is an affiliate of SBA. They help with implementation of SBA programs in the community. There will be discussions of what other trade groups in the community have done to deal with hurdles that are similar to those we are facing, including: Limited-time use of funds such as the Payroll Protection Program and the reality of not being able to open your practice that quickly; dealing with high rent and overhead; and financial survival with peace of mind. They will discuss creating short-term and mid-term financial projections to stay afloat until your businesses are robust again.
The second hour will be a presentation by Felicia Ennis, a Partner at the New York law firm of Warshaw Burstein. She will discuss the many new legal requirements recently legislated applicable to small businesses by Federal, State and City governments. Topics will include such areas as reopening dental practices, implementing new physical workplace measures, protocols to limit individuals from entering the workplace and decision-making regarding which employees to return to work, when to return them and on what schedules based on legitimate, non-discriminatory considerations. Time permitting we may discuss other topics of interest such as managing hurdles in employing a workforce that is currently collecting federal and state unemployment benefits.
1. Overview of how comparable industries are coping with the current challenges of a business catastrophe
2. Overview of using available financial tools in marketplace to build a resilient financial projection for your small business
3. Overview of new legal requirements imposed by various levels of government
4. Practical issues of bringing back a workforce that is collecting unemployment benefits
5. Q&A to address audience’s concerns
Moderated by Nima Dayani
About Dr. Nima Dayani:
Dr. Nima Dayani has practiced endodontics for the past 17 years. He has served the New York City area from his practice, EOI – NYC, located in Midtown Manhattan. See his full biography.