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We know that most small businesses are reeling from the damaging effects of the COVID-19 pandemic. Whilst larger businesses have a better chance of surviving; small businesses tend to have limited cash flow and any disruption could be devastating. Here are a few tips to start implementing, at least for the short term: #1 Make A Short Term Financial Plan Most small businesses have similar fixed expenses, for example, salaries, rent, and utilities. Other expenses would differ based on industry. Now is a good time to speak with your regular supplier (landlord, etc) to discuss how costs can be split over a period of time until your business opens or cash flow improves. Chances are most suppliers already have plans …

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COVID-19 has disrupted the lives of many. It has forced business to consider new ways of interacting with customers. Effectively, the pandemic has highlighted a well-established fact – Digital commerce is no longer a luxury and companies need an strong online presence to survive. This goes beyond having a poor performing website or poor strategy around some form of digital marketing. Businesses need to ask some critical questions. Is you company ready and prepared to handle the emerging trend of doing business online? Do you have the capability to innovate and make your business more efficient through the introduction of new technology to your processes? Why is it so important for businesses to reframe how their communicate or transact business …

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