011: Keeping Staff Employed and Engaged During COVID-19 with Scott Snider

By Aline Wealth Management on April 28, 2020

In this trying and uncertain time, business owners all over the country are having to make quick decisions and rapid pivots in order to operate under our “new normal.” With offices shuttered, keeping your employees not just engaged – but employed – is a challenge like never before, especially if you used to provide your services in-person. 

Today, Scott Snider joins me to talk about these challenges. He started his first business at 17 years old, then sold it eight years later to start Snider Premier Growth, a PI firm with equity in companies in education, digital marketing, tech, and real estate. Most of his time, however, is spent at the Exit Planning Institute, a professional education company focused on the Certified Exit Planning Advisor credential, where he serves as Vice President. 

Scott also shares how he sold his first business to a strategic buyer, what he’s doing to keep his companies operating during the coronavirus crisis, and how the Exit Planning Institute made a major pivot to not just survive, but thrive, immediately after bringing in negative net income for the first time in its history.

KEY TAKEAWAYS

• Why Scott believes his business partnership with his father has been so successful over the years. 
• Why Scott sold his first business and what he learned from that experience. 
• How the COVID-19 crisis has affected Scott’s industries, and what he’s doing to ensure that his teams can keep working right now. 
• The problems facing business owners applying for the Payroll Protection Program and other CARES Act relief efforts. 
• The major pivot Scott made to ensure that Exit Planning Institute can continue to deliver value over the next 90 days – and what makes the 90-day sprint so powerful.
• Scott’s advice for business owners who were having problems before the crisis affected their businesses.
• Why now is an incredible time to focus on personal growth and development.

INSPIRING QUOTE

• “My advice for business owners out there is to get real comfortable with being uncomfortable.” – Scott Snider

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