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Capitalism.com with Ryan Daniel Moran

Making Sense Of The Stimulus For Businesses

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Business, Entrepreneurship

4.8802 Ratings

🗓️ 4 April 2020

⏱️ 61 minutes

🧾️ Download transcript

Summary

Many small businesses are being hurt badly by the current pandemic.

But the 2 trillion dollar stimulus plan and CARES Act present some unique once-in-a-lifetime opportunities for entrepreneurs.

I got 2 different opinions from Krista Hilton & Vinnie Fisher who have done tons of research about how this will effect capitalists, and what you can start doing to prosper through their uncertain times.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, welcome back to the show. This episode is about the stimulus package and the different options that are available to business owners because of the recent bill that was passed. And this format for this show is a little bit different. I have brought two people onto the show and we're going to, this is basically two different opinions back

0:23.0

to back. And first, we start out with one of our, one of the members of the 1% who is an advisor

0:28.9

to small businesses who took the time to read the bill herself. So she went through it,

0:35.9

line by line, went through all the boring rigmarole,

0:39.3

and is providing her interpretation and how she is guiding her clients. Now, this is two

0:45.2

entrepreneurs going through it and picking out our interpretation from a way that will help

0:52.0

you understand it from a layman's perspective.

0:54.5

You're also just gonna hear my reaction to it

0:56.5

in real time because I'm a little confused by this.

1:00.1

I'm a little excited by this,

1:01.2

I'm a little perplexed by all this.

1:02.7

And so you're gonna hear me make sense of this.

1:06.0

And so if you have been a little bit confused

1:08.0

about all that's in there,

1:09.4

I think you'll start to have a couple light bulbs come on. And then I go to one of my advisors and one of my oldest friends.

1:16.6

He's a backroom member. He's also an advisor to my fund with Sam Prentice. So from a financial

1:23.8

perspective, this is one of my personal advisors and the person that I go to to vet companies

1:30.6

when I'm going to invest in them. His name is Vinnie Fisher. He runs fully accountable,

1:35.4

which is basically an outsourced CFO. If you have any physical products brands or

1:41.8

if you have really any online business this is a really good resource

1:46.1

for very very high quality bookkeeping and some other services specifically like

1:51.7

interpretation of your numbers it's like an outsourced cfo fantastic service he then comes in

...

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