47: Coronavirus: Business Strategies to Adapt, Dangers to Heed, and Opportunities to Watch for With Andrew Sherman

<p>COVID-19 has presented challenges for all of us—not the least of whom are those who own a business or are in the process of starting, growing, or scaling a business.</p><p>In order to provide as much support and insight to our listeners as possible, we recorded this episode yesterday with <strong>Andrew Sherman</strong>, a prominent Washington, D.C. attorney, business school professor, and author of 26 books on every aspect of business.</p><p>Andrew shares his thoughts on where the economy goes next (will this economic event be "V-shaped" or "U-shaped"?), what business owners can do TODAY to best navigate the crises, and the crucial importance of risk management and emergency preparedness.</p><p>Don't own a business quite yet? There's still value here: Andrew outlines questions to think through if you plan to start a new venture this year AND shares what he believes to be the opportunities that are likely to arise over the next several months and years.</p><p>We hope you enjoy this episode of the BiggerPockets Business Podcast. If you do, we encourage you to share it with a friend or family member. Stay safe, and we'll see you next week.</p><p><br></p><p><strong>In This Episode We Cover:</strong></p><ul><li>Where the <strong>economy</strong> might head next</li><li>Potential <strong>government interventions</strong></li><li>How Andrew's clients are grappling with <strong>cash flow problems</strong></li><li>Creative solutions in times of <strong>low customer demand</strong></li><li>Where to turn for <strong>financing</strong> during an economic downturn</li><li>Which companies and industries have the most cash to <strong>deploy</strong> today</li><li>Creating an <strong>emergency fund</strong> to prepare for "black swan" events</li><li>Why this event is likely to create many entrepreneurs</li><li><strong>And SO much more!</strong></li></ul><p><br></p><p><strong>Links from the Show</strong></p><ul><li><a href="http://biggerpockets.com/" target="_blank">BiggerPockets</a></li><li><a href="https://www.cnbc