Let’s get straight to the point, the world is a little crazy right now. For many of you that own small businesses, it’s absolutely terrifying. I know you’re wondering if you’ll ever recover, and if so, how. The uncertainty is smothering, but it doesn’t have to be that way. The question you should ask yourself is, “What can I do now that will make money in the future?”.
Think back to when you first started your business. Do you remember all the time you invested without a paycheck? Well, that’s the mindset you need to have now, especially if your business has slowed down or even stopped. The only differences are that you now have experience and that you can now make money both by increasing revenue AND reducing expenses.
Here are some things you should be thinking about. Are there any new products or services that you can introduce? Are there ways to reduce your overhead and optimize your operations? Are there things that you’ve always wanted to change, but never have had the time or opportunity? Why are you spending your extra time scrolling through your phone or watching Netflix when your can finally put together those systems and processes that will improve your business? As a business owner, you know you rarely get a chance like this, take full advantage of it!
I’m sure you’ve thought of all of theses things, but where do you start? What you need is a road map where you can plot your course and set your destination (WARNING – Brief sales pitch: If you’re the type that likes GPS where you just put in the destination and are given directions on how to get there, give us a call! Sorry, I couldn’t resist). Revisit your business plan, revise it for the current situation and improve it. Set goals and milestones. Now is the time to strategically plan your company’s direction and future so you’re ready to hit the ground running when that opportunity arises!