Immediate Focus for TEN - Entrepreneurial Survival
The Entrepreneurs Network conducted a 2020 survey of our founders and owners leading innovative companies across the region, focused on growth. We learned many TEN alumni are significantly challenged by the impact of COVID-19 and need working capital. Their responses mirror those obtained by the U.S. Chamber of Commerce and MetLife, in which one in four small businesses said they were two months or less from closing permanently. (News released April 3, 2020.)
The global pandemic demands a drastic change in course from TEN Boot Camps - not just moving them online.
Apply for Monroe County and the U.S. Small Business Administration (SBA) emergency relief loans available.
Use Monroe County's COVID-19 Resource Directory for Business. Scan it for what you need. Share information with your peers.
Stay informed about COVID-19 from reputable public health sources that rely on science. TEN is providing links to federal and state websites to guide decisions affecting health and wellness for you, your family and our community.
Adopt OODA - Observe, Orient, Decide, Act. If you OODA faster than the market, you will drive your response rather than the market driving you. TEN vets webinars, articles, and tools for crisis management. We applaud resources creating excellent material and share links for easy access to best help entrepreneurs understand and respond to the unique challenges related to COVID-19.
TEN remains committed to our mission of increasing entrepreneurial success and economic prosperity in our area.
The business equivalent of triage is now mission critical. Leading during a pandemic means you make tough decisions, better and faster, to survive. We will execute a laser-focused effort to help TEN alumni selling innovative products and services, bringing new dollars into our region by growing revenues from a customer base beyond Monroe County and the Finger Lakes Region, and creating jobs for employees and independent contractors.
The Entrepreneurs Network is an economic development program sponsored by the County of Monroe Industrial Development Agency. TEN is for companies in the traded sector, specifically startups and small businesses who are commercializing scientific breakthroughs and new technologies and/or scaling their operation by tapping markets beyond their immediate geography.