How can small businesses survive coronavirus?
As we self-quarantine and go through this coronavirus hysteria all together, a lot of the small and mid-sized businesses are going to be affected.
So, any advice for small businesses being affected by the COVID-19 pandemic?
The answer here is super simple: P.P.I
It is perspective first. Be grateful for what you have now: people you love are healthy and prepare for the worst to come.
The second P stays for Patience.
As we wait out this hysteria to pass, coming up with a good business continuity plan helps you react faster than your competitors.
What makes a good plan? Don’t worry, we got you back.
In the short term, just remember these 5 things:
The last and most important thing that will get you through this hysteria is innovation, where the “I” stands for.
If in the past, all your events and channels for selling are offline. Maybe it’s time to go digital? What about online conferences? Zoom public speaking events? If young people can have a lot of fun with live-streaming DJ events and raves, your clients will too!
Local stores that people now don't travel to may want to create delivery infrastructure. You may want to start using some new products like Slack, Box, or Dropbox.
This is a time for innovation for everyone. It’s 2020, Innovation and digital marketing now goes hand in hand.
If this article is too long, just remember P.P.I and 5 things you need to do for a continuity business plan. Trust us, Eton ICT is with you, and we will go through this hard time altogether.