The pandemic has changed a lot of things around us and it has made us realize that there are many bad surprises tucked into use in the future. Well, there is no denial in the fact that the pandemic has its own peculiarity and it has forced us to start living with the new normal but as the number of COVID cases proliferated, the whole world started getting restricted to their houses and even the purchasing power of people started declining. Well, this has a big impact on all the small businesses.
Small businesses always have to wear many hats at a time since they have a limited budget and they have to manage everything within that limited budget. But you should know that the arrival of the pandemic has made things worse for small businesses. Nowadays, small businesses are only thinking about survival instead of worrying about growth rate and other factors.
Well, if you are in a similar situation while running a small business then you have come to the right place as in this blog post, we are going to discuss some of the most important tips that you can use to survive during the pandemic.
Start using cloud accounting software solution
One of the best things that you can do in order to survive during the pandemic is to start using powerful cloud accounting solutions like QuickBooks Pro hosting. You should know that if you keep on using the desktop installed accounting software solution then there is no way you can give access to your accountant without visiting the office.
But with the power of a cloud accounting software solution like Hosted QuickBooks, your accountant can access the books from anywhere and at any time. This is what makes cloud accounting solutions necessary for businesses during the pandemic.
Build a website
You might have an aversion to the internet and you might be procrastinating the idea of building a website for a very long time but if you keep on doing the same even during the pandemic then you are going to miss out on a big opportunity. You should know that most of the people have turned to the online platform during the pandemic and online sales have skyrocketed during this period.
So, if you want people to keep interacting with your business even during the pandemic then you will have to make sure that you are having a strong online presence to begin on the right foot, you will need to start with a website.
Tap into resources provided by financial institutions and government agencies
All the governments around the world are already putting initiatives to support all the small businesses and you should not miss this opportunity. You will always need to be up to date with what the government is coming up with in order to help the small businesses and in addition to this, you will need to keep tabs on help provided by financial institutions as well.
And the best part is if you are registered in more than one market then you can explore the help options in both markets. For example, you can find out how the UK government is helping small businesses and at the same time, you can explore the options in Dubai as well.
Work on upskilling your staff
During the current situation, it has become necessary to capitalize on all the opportunities and this is why you should never shy away from providing extra training classes to your staff for building new skills. You can easily train your staff on additional skills and thus, you can make them more productive and efficient instead of hiring more staff.
There is a long list of online courses that you can opt for your staff and the best part about these online courses is they are highly affordable.
Take care of yourself and keep calm
If you have never witnessed such a downfall in your small business then it might turn out to be a tough time for you. But instead of panicking because of the slow growth rate, falling economy, and decreasing number of customers, you should take care of yourself, don’t let stress kick in, and stay calm.
If you have to make some difficult decisions then you should not shy away from taking time to balance yourself and your mind before taking that drastic decision. And live with the hope that one day the dust will settle and everything will come back to normal.
If you are really serious about surviving the pandemic and if you want to thrive when the dust settles then you should use all the tips mentioned in this blog post as they are easy to adapt and you don’t need to go extravagant with your budget.
