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 business. In the current state, create a SWOT analysis (Strengths, Weakness, Opportunities & Threats) for your business. 

For making a proper strategy, you can use free & premium PowerPoint templates of SlideBazaar. 


Technology

Check whether your current technology is compatible with the new needs. Is there anything beneficial in terms of technology that you can add to your business so that your business comes back on track like earlier? 

You have to consider other ways also in which your business has been affected. For example, if you’ve had to lay off some or all of your employees, you’ll need to focus that on your rebuilding plan. If you’ve cut your advertising & marketing budget, or some of your buyers have shifted toward competitors, then those are things you’ll need to account for as you identify financial resources to help you recover.


Conclusion

So, these are few steps with which you can analyse the impact of a pandemic on your business & get your business back on track. 


Visit slidebazaar and download latest powerpoint presentation templates .

Comments

Post a Comment

Popular posts from this blog

How to Create a Revenue Based Powerpoint Presentations

Business growth depends on several factors but the most important is revenue. It is the main financial factor that runs the business. Revenue is the amount of money that a company earns by selling goods or services to customers. The first motive of any corporation is to generate good revenue for runs the smooth business cycle. Most of the companies need to show their revenue monthly or annually to their co-workers or investors for showing the growth. To present this useful & important information, the presenter needs to create a high-quality powerpoint presentation and this is not possible without integrates PowerPoint Presentation Templates with the presentation, such as:  * Revenue Model Template: This template is one type of diagram that can be used to illustrate revenue growth. It is the six-stage growth model that shows the business growth with a dollar sign on the stacked goldbricks. It helps to identify, which product or service will be created to generate reve
Read more

Revenue Model Premium PowerPoint Template

Image
Revenue Model PowerPoint Template is a growth diagram that can be used to illustrate financial and business growth. The six-stage template is a growth model that shows business growth by the dollar image on the stacked goldbricks. This graphical illustration conveys the framework for generating revenues making it a prime element of a company’s business model. The revenue model primarily identifies what product or service will be created in order to generate revenues and the ways in which product or service will be sold. The presenters can highlight a well-defined revenue model using the PowerPoint templates. Without a well-defined revenue model, a clear plan for revenue generation will not be able to sustain. The stacked PowerPoint templates with a dollar symbol is a financial slide useful for finance managers and business managers. It is suitable for presenting techniques of money mounting with a focus on the stock market and mutual fund. Investment in gold seems
Read more

Professional Business Plan PowerPoint Templates Free Download

Image
Presentations are the best way to present your views and ideas among your audience. PowerPoint presentations are used widely in all professions, from the business sector to the educational. The more attractive the presentation is, the higher is the chance that you will grab the attention of your audience. It's never easy to impress clients of the audience with a simple presentation, that has to be impressive and professional. Using Professional PowerPoint templates online , you can easily prepare eye-catching presentations on your own.  The templates include everything you need to impress your potential partners. These templates can be easily editable, certainly memorable, and completely free to download. Basic Features of Professional business plan PowerPoint templates are:   These templates can be Fully and easily editable (shape color, size, and text). This template has a color theme which automatically applies color if copied and pasted. It includ
Read more