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 https://www.linkedin.com/in/egerson/ Enroll in Managing Money Course by Errol Gerson: https://thefutur.com/course/managing-money Download Errol's Document: https://www.dropbox.com/s/3e89a0eh3ksxokt/What%20do%20you%20do%20in%20a%20STORM.docx?dl=0 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? === 🚀 Futur Accelerator The step-by-step blueprint and coaching program designed to get your creative business off the ground: https://thefutur.com/accelerator 🥇 Futur Pro The professional creative community designed to grow your personal brand, your business, and your network: https://thefutur.com/pro ✍️ Other Courses, Templates, and Tools: https://thefutur.com/shop 🎙 The Futur Podcast: https://thefutur.com/podcast Recommended books, tools, music, resources, typefaces & more: https://thefutur.com/recommendations Music by Epidemic Sound: http://share.epidemicsound.com/thefutur Shorts Playlist: https://www.youtube.com/@thefutur/shorts We love getting your letters. Send them here: The Futur c/o Chris Do 1702 Olympic Blvd. Santa Monica, CA 90404 *By making a purchase through any of our affiliate links, we receive a very small commission at no extra cost to you. This helps us on our mission to provide quality education to you. Thank you. — Host– Chris Do Cinematography– Ricky Lucas, Jona Garcia Live Editor– Jona Garcia Editor– Ricky Lucas, Jona Garcia, Stewart Schuster, Mark Contreras, Social Team: Elle Money, Alex Burlui Futur Theme Music – Adam Sanborne http://www.adamsanborne.com Typefaces: Futura, DIN, Helvetica Now, Calibre, Knockout, Champion Gothic Futur theme song— Adam Sanborne