Ways to grow small businesses post-lockdown
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It’s no secret that a lot of businesses, both big and small, were negatively impacted by the pandemic. As things ease up in different nations around the globe, the businesses that survived are looking for ways to stay afloat. Sure a lot of businesses fell by the wayside, but for the ones that stayed, it’s not time to celebrate just yet. It took a lot of hard work, to stay up and running but harder work is yet to come. Obviously every business has its own strategy, but here is a little something more to ensure that your small business grows now that the lock-down is in the past.
1. Look for alternative means for financing
There are so many reasons why alternative financing is exactly what small businesses need in the present climate. All you have to do is to take a closer look at your business model and goals, then apply accordingly. Take a look at options like microloans, crowdfunding, and even grants. Do some research so you can really get a sense of what is realistic, feasible, and is able to drive you out of the way of losing your business altogether.
2. Use six sigma principles
In the past, this process was solely applied to the operations of big businesses and corporations. But, they are just as effective when used to whip small businesses and enterprises into shape. To know exactly what works for your business first, determine what’s at the core of your process, what you expect out of it, and how you will measure progress. When you are managing DMAIC projects, it’s advisable to know what you are doing. Either handle this internally, if you are knowledgable or hire a consultant to really supervise the entire process. If all goes well, you can make it out of the hole Covid-19 dug up.
3. Remain health-conscious
As much as you want to get your business to the point where it’s booming again, you need to remember why we are in this fix. The whole world is in the middle of a life-threatening crisis. You need to go out of your way to keep this at the core of your business dealings. Besides sending out instructions to returning workers, you equally have to put systems in place to keep people safe as they return to work. In addition, let your customers or clients know that you are maintaining a safe work environment and processes. It will amp up their confidence in you and have you well on your way to growing your business once more.
Migrate online as much as possible
Whether you like it or not, the internet is where all the action is. So, if the aim is not just to stay afloat, but to thrive, then you have to find ways to create an online presence. Even if it’s simply on social media, you need to try to carve a niche for yourself on there. A lot of people have taken to online platforms to seek out services they would usually walk into a shop or office for. So, if you want to grow your business, try your best to grow with the times.
