6 WAYS TO REBUILD YOUR SMALL BUSINESS AFTER COVID-19

Forbes April 2020 / by Rebecca Lake / Read original article

The COVID-19 outbreak has wreaked financial havoc around the globe, leaving many small-business owners struggling in its wake. According to the National Federation of Independent Business (NFIB), as of March 30—still early in the crisis—92% of small businesses said they had suffered negative effects as a result of the pandemic. Just 5% of small-business owners said they had experienced no effects at all.

While the short-term outlook for small businesses varies greatly by industry, it’s important to consider what recovery mode will look like once the economy begins to return to a state of normalcy—or establishes a new normal. Having an exit strategy in place for after COVID-19 can help you be prepared to hit the ground running and rebuild. If you’re not sure what your coronavirus exit plan should include, this guide can help with getting your business back on track.

1. Assess the Financial Damage

The first step in developing a rebuilding plan for COVID-19 is determining just how deeply your small business has been affected.

Read the rest of this article HERE

Share on facebook
Share on twitter
Share on linkedin
True design includes a african american covered screw-in top and www.patekphilippe.to a couple of chronograph force switches which can be available too throughout steel.