Marine Fabricator July/August 2020 - 35

Apply for loans and emergency
aid: This includes local financing
opportunities and SBA debtforgiveness loans. Are there other
options to consider for making
ends meet during loss of income?
Monitor your expenses carefully:
If you don't enjoy a deep dive into
your books, hire a bookkeeper. Even
though the additional expense may
seem unaffordable, it can liberate
you to do what you like to do, which
creates more income and profit.
Continue marketing: Update your
website and increase the wow factor
of the work you show online. Have
an easily visible link that prospective
customers can click on to send you
a request. Create flyers to generate
excitement using impressive images
of your profitable projects. There are
online freelance marketplaces, such
as Fiverr (www.fiverr.com), where
you can find people who will provide
business services for a fixed price.
Get serious about making a profit:
Carefully plan and review each project
based on a set time and price for each
phase/step as well as the materials
used. Compare these figures to your
actual time and materials budget to
see the actual total expense. Achieving
a 65 percent profit is the only way
to ensure your business will grow.
Rethink your shop areas:
Rearrange your shop for the best
flow based on your most frequent
projects. We reconfigure areas of our
shop almost yearly as equipment
and storage needs change.
Renegotiate your ongoing
expenses: This includes your cell
phone contract, your internet service,
even your electricity. Discuss reduced
lease or rental payments. Our landlord
offered to cut our April and May rent
payment before I even inquired.
www.marinefabricatormag.com | 35


http://www.fasnap.com http://www.fi http://www.verr.com http://www.marinefabricatormag.com

Marine Fabricator July/August 2020

Table of Contents for the Digital Edition of Marine Fabricator July/August 2020

Marine Fabricator July/August 2020 - Cover1
Marine Fabricator July/August 2020 - Cover2
Marine Fabricator July/August 2020 - 1
Marine Fabricator July/August 2020 - 2
Marine Fabricator July/August 2020 - 3
Marine Fabricator July/August 2020 - 4
Marine Fabricator July/August 2020 - 5
Marine Fabricator July/August 2020 - 6
Marine Fabricator July/August 2020 - 7
Marine Fabricator July/August 2020 - 8
Marine Fabricator July/August 2020 - 9
Marine Fabricator July/August 2020 - 10
Marine Fabricator July/August 2020 - 11
Marine Fabricator July/August 2020 - 12
Marine Fabricator July/August 2020 - 13
Marine Fabricator July/August 2020 - 14
Marine Fabricator July/August 2020 - 15
Marine Fabricator July/August 2020 - 16
Marine Fabricator July/August 2020 - 17
Marine Fabricator July/August 2020 - 18
Marine Fabricator July/August 2020 - 19
Marine Fabricator July/August 2020 - 20
Marine Fabricator July/August 2020 - 21
Marine Fabricator July/August 2020 - 22
Marine Fabricator July/August 2020 - 23
Marine Fabricator July/August 2020 - 24
Marine Fabricator July/August 2020 - 25
Marine Fabricator July/August 2020 - 26
Marine Fabricator July/August 2020 - 27
Marine Fabricator July/August 2020 - 28
Marine Fabricator July/August 2020 - 29
Marine Fabricator July/August 2020 - 30
Marine Fabricator July/August 2020 - 31
Marine Fabricator July/August 2020 - 32
Marine Fabricator July/August 2020 - 33
Marine Fabricator July/August 2020 - 34
Marine Fabricator July/August 2020 - 35
Marine Fabricator July/August 2020 - 36
Marine Fabricator July/August 2020 - 37
Marine Fabricator July/August 2020 - 38
Marine Fabricator July/August 2020 - 39
Marine Fabricator July/August 2020 - 40
Marine Fabricator July/August 2020 - 41
Marine Fabricator July/August 2020 - 42
Marine Fabricator July/August 2020 - 43
Marine Fabricator July/August 2020 - 44
Marine Fabricator July/August 2020 - Cover3
Marine Fabricator July/August 2020 - Cover4
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-july-august-2022
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-may-june-2022
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-march-april-2022
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-january-february-2022
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-november-december-2021
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-september-october-2021
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-july-august-2021
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-may-june-2021
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-march-april-2021
https://www.nxtbook.com/ifai/marinefabricator/0121MF
https://www.nxtbook.com/ifai/marinefabricator/1120MF
https://www.nxtbook.com/ifai/marinefabricator/0920MF
https://www.nxtbook.com/ifai/marinefabricator/0720MF
https://www.nxtbook.com/ifai/marinefabricator/0520MF
https://www.nxtbook.com/ifai/marinefabricator/0320MF
https://www.nxtbook.com/ifai/marinefabricator/0120MF
https://www.nxtbook.com/ifai/marinefabricator/1119MF
https://www.nxtbook.com/ifai/marinefabricator/0919MF
https://www.nxtbook.com/ifai/marinefabricator/0719MF
https://www.nxtbook.com/ifai/marinefabricator/0519MF
https://www.nxtbook.com/ifai/marinefabricator/0319MF
https://www.nxtbook.com/ifai/marinefabricator/0119MF
https://www.nxtbook.com/ifai/marinefabricator/1118MF
https://www.nxtbook.com/ifai/marinefabricator/0918MF
https://www.nxtbook.com/ifai/marinefabricator/0718MF
https://www.nxtbook.com/ifai/marinefabricator/0518MF
https://www.nxtbook.com/ifai/marinefabricator/0318MF
https://www.nxtbook.com/ifai/marinefabricator/0118MF
https://www.nxtbookmedia.com