A new survey shared by the U.S Chamber of Commerce Small Business Index in partnership with MetLife reveals that more than 75% of small business owners are optimistic about their companies’ future, according to news on CNBC. During an interview with CNBC Make IT, the organization’s VP for small business policy, Tom Sullivan, said, “You talk to entrepreneurs who have had a bad experience since the beginning of the health crisis and there’s a sign of optimism.”
However, earlier in December, CEOs from different industries said that despite the COVID-19 crisis status, we should expect more economic volatility. This includes everything from transportation to input availability, capacity, labor, and adaptation to COVID-19. If you’re aspiring to start a business in the post-pandemic era, you’re probably wondering how you can survive and thrive. Read on to get insights into how businesses have been coping, including how you can rethink your business investment and services.
Investing More In Innovation
Organizations can succeed during tough economic times by implementing strategic approaches, like investing in tech innovations. With the right technology in place, your business is likely to stay afloat despite economic challenges. That’s because tech innovations, such as new software, digital systems, and communication solutions, help you sell your products and services online. Innovative technologies also promote remote working, meaning your employees can work from anywhere, thus maintaining high productivity.
Creating Safe Environments For Customers And Workers
The success of small businesses and the rebound of the economy depends a lot on how confident consumers feel about shopping in physical stores. Therefore, make an effort to meet all the workplace safety protocols implemented by the government. This step entails stocking up on personal protective equipment, providing clean water and soap for washing hands, and disinfecting your business premises.
While you and your employees can deep clean the office or store, consider outsourcing your cleaning needs to professional property cleaners. The services offered by building cleaners range from business premise cleaning to bathroom sanitization. Experienced commercial cleaners also provide floor maintenance services, event cleaning and setup, and carpet cleaning and shampooing.
Rebranding Company Image
Many small business owners are coping by rebranding or providing services and products that respond to emerging trends. Typically, rebranding gives you a higher competitive edge against large companies. It’s worth noting that rebranding changes customers’ perspectives about your brand and inspires them to engage with it more than ever. Other benefits of rebranding your business include improved reputation and customer loyalty, appeal to a new target audience, cost savings, and increased online visibility.
Small business owners have difficulty coping amid a crisis and economic hardships. Fortunately, there are several things you can do to survive and thrive in your industry. This includes creating safe business premises, rebranding your business, and investing in technology.