16 Feb 10 Ways to Keep Your Business Afloat During a Pandemic
A pandemic is a serious global event that can have a devastating impact on businesses. In this blog post, we will discuss 10 ways to keep your business afloat during a pandemic.
Many of these steps may seem like common sense, but it is important to remember them during times of crisis. Follow these tips and you will be able to weather the storm!
Here are some steps to keep your business afloat during a pandemic
In the wake of the COVID-19 pandemic, many small businesses are struggling to stay afloat. Here are 10 ways to keep your business afloat during a pandemic.
1. Cut Costs: Review your expenses and find ways to cut costs.
2. waive Fees: Waive fees for late-payments or waived minimums.
3. Offer Credit: offer credit to customers who need it.
4. Rent Space: Rent out extra space in your office or warehouse
5.: provide Delivery Services: Provide delivery services for local businesses
6 sell Supplies: Sell supplies such as gloves, masks, and disinfectant wipes
7 provide Services: Provide services such as Virtual Assistant, Bookkeeping, and Consulting
8 crowdfund: Crowdfund your business 9 barter
Small Business Owners
Small businesses must develop a business continuity plan and drum up ways to attain an entirely new revenue stream. In the third year of a pandemic keeping a small business afloat means circumventing normal operations and pivoting in an ongoing economic crisis, especially if you want to make more money without sacrificing quality.
A small business owner may think that investing in excess marketing or switching up the entire business model may assist in staying afloat. But this is far from true. Indeed, spending money may have to happen before you see profits, but most businesses spend money in areas where there is greater opportunity for return. This is why the aforementioned tips help
A huge part of understanding keeping a business afloat is understanding open data science, data integrity, and the ins and outs of big data and data analytics, and there is nothing more important to Incus than providing a strong foundation and understanding of data analytics and moving you from raw data confusion to clarity.
IF YOU’RE A DATA NOVICE OR JUST LOOKING TO GET THE MOST OUT OF YOUR EXISTING DATA MANAGEMENT, GET INTO CONTACT WITH THEM ABOUT THEIR WORKSHOP OR SPECIFIC SERVICES THAT ARE TAILOR MADE FOR YOUR ORGANIZATION.
But the workshop is just the beginning. Consulting with Incus Services as part of your data improvement drive can make all the difference between being a leading organization or falling behind the competition.
If you want to find out more about data dictionaries, data governance, or even work on a data dictionary project, reach out and make the best of your business objectives by checking out the Three Most Powerful Analytics Techniques.
Incus Services can work closely with your organization to help your data talk to you and offer key insights. It is our objective to provide businesses with the machine learning and artificial intelligence strategies that they need to succeed.
Aren’t you ready to take your business to the next level? Why wait another moment to lead the finance sector through technology and digital transformation?