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Top Ways to Increase the Survival Rate of the MSMEs in the COVID-19 Situation

Mobio SMobio S subscriber Posts: 1 Member

The pandemic of COVID-19 has affected the entire economy of the globe. While all the businesses around the globe are facing different challenges, the small and medium-sized businesses are affected the most. The months’ long lockdowns have posed a threat to their survival. However, there are certain ways that can possibly help these MSMEs to cope up with the COVID-19 situation. Here is a list of the best ways that the MSMEs can adopt.

1. List the Possible Impacts

2. Focus on Your Cash flow

3. Prepare Financial Plan

4. Increase Your Online Presence

5. Increase in Online Sales

6. Engage with your Customers

7. Make the Most of The Financial Programs

8. Keep Customers Informed

9. Offer Discounts

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