HOW TO GET YOUR BUSINESS BACK ON TRACK POST COVID
It is incredibly a tough journey for all during a pandemic. Most of the businesses suffered a lot due to COVID-19. When you resume your business, there must be a recovery time, so that every business needs to work with full capacity like earlier. You need to check all the aspects. First Phase The very first step in developing a rebuilding plan for COVID-19 is to identify how deeply your small business has been affected due to covid. Second Phase Finance & Cash Flow There are many layers involved in it, starting with the hard numbers. If you haven’t updated your financial statements to date, such as profit and loss or cash flow statements—recently, it’s helpful to do that right now. Then you compare them to last year’s numbers to see how much your business may be down. And while only a small percentage of business owners say they’ve benefited from the pandemic, 3% according to the NFIB, it’s possible that the damage might not be as bad as you think. SWOT Create a strategy for your