Post by account_disabled on Mar 6, 2024 23:17:24 GMT -5
The current crisis is like no other we have faced before and it is daunting to try to address all the problems at hand. Even so, we cannot sit idly by , we must begin to manage this crisis in search of strategies that can help us overcome it. Below, we evaluate some issues that small businesses must address immediately to keep their doors open when the health crisis begins to subside: Financial plan. The biggest concern for most small business owners is, at least initially, how I am going to pay my bills this month and how long this situation will last. The sad reality is that there is no answer, it will depend on the situation of each business and the resources it can access. Therefore, we can start by making a list of the fixed and variable business costs. Regarding fixed costs, create a priority list of which are the most important and analyze which ones you could cut because they do not generate revenue or ensure essential business functions. Negotiate with suppliers about invoice payment deferrals.
The domino effect means that every day that economic activity is reduced, the liquidity of companies decreases and bankruptcies and unemployment skyrocket, with disastrous consequences for many people. Remain attentive to Paraguay Mobile Number List government and local administration measures to address the economic and social impact of the crisis. Ask your agency for help to understand the scope of these measures and interpret if you can benefit from some of them. But that is not all, it is also important to have the capacity to carry out the necessary bureaucratic procedures to request them and take into account their medium-term repercussions , such as, for example, the return of credits or the interest that may arise from some measures. . Communication plan. Make sure you communicate clearly and consistently with your customers. Make it clear what you are doing, whether your establishment is closed or not, by what means they can communicate with you, how they can acquire your products or services, what health measures you have taken to protect your employees and customers, etc.
Use your presence on social networks and use email to keep your clients updated and communicate your ability to help them. Also take the opportunity to educate and entertain your audience, not everything is going to be bad news. Marketing plan. Find new ways to distribute and sell your products and services. Customer needs and priorities are changing, how could you adapt to those changes? Also consider new ways to deliver your products or services, home delivery, mail, virtual services. Although discounts should always be used carefully, at this time we must be aware that we are entering a model of pure business survival and we will have to act accordingly. Operative plan. If you have more time available in this situation, it may be time to tackle the projects you have been putting off. Evaluate how to improve your strategies, what you need to learn or implement in your business to adapt to the new situation , working remotely, offering customers online options and home delivery, how to improve or adapt products or services to new needs, how improve processes and find more efficient options.
The domino effect means that every day that economic activity is reduced, the liquidity of companies decreases and bankruptcies and unemployment skyrocket, with disastrous consequences for many people. Remain attentive to Paraguay Mobile Number List government and local administration measures to address the economic and social impact of the crisis. Ask your agency for help to understand the scope of these measures and interpret if you can benefit from some of them. But that is not all, it is also important to have the capacity to carry out the necessary bureaucratic procedures to request them and take into account their medium-term repercussions , such as, for example, the return of credits or the interest that may arise from some measures. . Communication plan. Make sure you communicate clearly and consistently with your customers. Make it clear what you are doing, whether your establishment is closed or not, by what means they can communicate with you, how they can acquire your products or services, what health measures you have taken to protect your employees and customers, etc.
Use your presence on social networks and use email to keep your clients updated and communicate your ability to help them. Also take the opportunity to educate and entertain your audience, not everything is going to be bad news. Marketing plan. Find new ways to distribute and sell your products and services. Customer needs and priorities are changing, how could you adapt to those changes? Also consider new ways to deliver your products or services, home delivery, mail, virtual services. Although discounts should always be used carefully, at this time we must be aware that we are entering a model of pure business survival and we will have to act accordingly. Operative plan. If you have more time available in this situation, it may be time to tackle the projects you have been putting off. Evaluate how to improve your strategies, what you need to learn or implement in your business to adapt to the new situation , working remotely, offering customers online options and home delivery, how to improve or adapt products or services to new needs, how improve processes and find more efficient options.