6 Top Tips for Small Business Owners During the Corona Virus uncertainties

6 Top Tips for Small Business Owners During the Corona Virus uncertainties

Number One – We would advise all small business owners to follow all suggestions made by the government and health officials, this won’t be easy, but it is the safest option for all concerned.

Number Two – If meetings do have to be cancelled how about organising a web call meeting through something like Zoom, or Skype perhaps. This way you can still “meet” and discuss what was on the agenda for your meeting, without having to hold off and lose ground.

Number Three – Have a look at cashflow! These worrying times would make perfect opportunity to look at your cashflow. Start with an overview of your invoices and accounts, this will make you aware of any money owed and when it is due to arrive. If you are in the unfortunate predicament where you may not or are not receiving monies owed, there are various options available to you. 

Number Four – DO NOT stop your marketing! This will eventually come to an end and whilst your competitors may have turn down paid ads to lower their costs. Your message and brand will still be placed in front of potential customers. Putting a complete stop to your marketing could be dangerous for the long term.

Number Five – Do not be afraid to ask for help, accountants, solicitors, financial advisors, investors, Virtual Assistants and HR Specialists are all more than willing to help assess any situations or issues you may come across, don’t try make do! Seek advice.

Number Six –Try keep positive! Let’s use local companies where possible and let each and every person around us know that we are there to support and help however possible, whether that be business or personally. Let’s all work together.

We hope these tips help and we are aware there are so many more to give, feel free to leave them in the comments section below.

6 Top Tips for Small Business Owners During the Corona Virus uncertainties
Richard Mansfield
By Richard Mansfield