Businesses of all sizes are still being affected by COVID-19 shutdowns. For small businesses, the impact of a few weeks without income can be devastating. As small business owners come to terms with the closure of their brick and mortar businesses, many are wondering where they can turn for relief — and what they can do next. Even as businesses begin to figure out reopening plans, there are steps small businesses can take now to prepare for the future impact of COVID-19.
Financial Relief for Small Businesses
- Decide what steps to take first.
- Find out how to apply for coronavirus relief.
- Locate your nearest small business development center.
- Learn how to generate short-term revenue for your business.
The Best Resources for Going Remote
- Read up on cybersecurity best practices for working from home.
- Learn the ins and outs of collaborating with a remote team.
- Discover the most-loved tools of fully-remote teams.
- Get tips on setting expectations for your new remote workforce.
How Small Businesses Can Make the Most of Downtime
- Assess and optimize your business’s marketing plan.
- Hire GA experts to see what’s working – and what isn’t — on your company website.
- Expand your online presence during social distancing.
- Get business paperwork
- Dive deep into your company’s financial well-being.
Getting Ready to Reopen Your Business During COVID-19
- Discover how consumer behavior will change after coronavirus.
- Work with a business coach to help you get on a good path.
- Discover ways to serve consumers online in your marketing.
- Learn how to bring back workers to your business.
- Get tips on establishing a permanent work-from-home policy.
COVID-19 has put countless small businesses on life support, and only some will pull through. Estimates are that almost 40% of small businesses, in particular, will not survive. While there’s no easy way out of this crisis, staying nimble and proactively planning for life after COVID-19 will give your small business the best shot at survival and long-term sustainable success.
Image via Unsplash
Elena Stewart
Elena Stewart is a certified life coach who specializes in the teachings of Brené Brown, Danielle LaPorte, and Marie Forleo. She successfully transitioned from the corporate world to running her own business, and she now helps others achieve their career goals and dreams.
