How Business Owners can Save their Business amidst COVID-19?

GiaGladGiaGlad subscriber Posts: 2 Member

Inputs must be from the United State’s business owners, entrepreneurs, SMBs owners who are facing this pandemic on their business.

Comments

  • Jessie HookieJessie Hookie subscriber Posts: 216 Silver Level Member

    1. Analyze your ongoing burn-rate in both normal scenarios and ‘bear-bones’ scenarios.

    2. Think about adapting to current market trends in a complementary way.

    3. Look at your competition – what are they doing and what can you learn?

    4. Consider the value of your time—is there something you can be doing, related or otherwise, that is a more valuable use of your time?

    5. Think about the mid-term—is something changing in the way your customers are thinking?

    6. Use time at home to read, take courses, and learn—so that when things are a bit more normal, you can fly by whatever competition you have.

    7. Keep an open mind and stay positive.

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