As the Business solutions software company, Worksana continues to find ways to help small businesses adapt and evolve to the demands of changing business.
As a small business, during the coronavirus pandemic you face the test of operating and adapting to a rapidly changing situation.
With a clear path still to be determined for the future, businesses have to take a proactive approach to disaster response. Here are a few Tips to keep your business running and potentially growing in the coming weeks and months.
- Reach out to your Financial Institutions for potential relief funds. Banks have received billions of dollars from the FED to free up capital for YOU! Your business can be eligible no matter what products or services you offer or what industry you are in. Look at the SBA for continued guidance.
- Reach out to your customers and let them know you are in the businesses of helping them. Tell them the measures you are taking to be in businesses during this time of uncertainty.
- Be nimble and flexible with your operations. Get your team on the same page of being safe and ready. Video Conferencing like Google Hang Outs is Is free and can connect your team together no matter where they are.
- Free Software like SLACK. gives you a place for your whole team to chat and connect on anything from pictures of content and live updates on info.
- Stay the course while being lean and mean. Any services that are not creating opportunity to weather the storm, should be paused. Working with less is knowing where the margin is on services and finding creative ways to sell those benefits.
- Meet the need, of your customers. Talk with your clients and ask them what they need. If you can address a concern they are faced with you can give them a reason to stay in businesses with you.
- Go Digital. Look for the best ways to keep contact to a minimum with your operations. Worksana offers a complete employee and time tracking system to get better insight with your team as they are remote or mobile workers for your company.
- Cash flow Priority. Look at your operational expenses and see if you are running the short term in light of long term slow down. With the concerns of Liquidity, assure that your billing and overhead will continue to align. Ask your customers to commit to making payments and billing conditions such as smaller payments to keep cash flow.
- Staffing can be challenging when cuts seem necessary. Know the skill set of your team and present ways to position any downsizing as opportunities for efficiency. Your Cream will rise to the top and present itself as ways to grow services and businesses.
Hopefully, uncertain times will pass sooner rather than later, but you should always be stress testing your business.
Written by Jacob Frederick
