Starting a personal business has always been one of the most challenging topics in the world today. But have you ever considered that the survival of a business is more important than the start-up? Do you have a plan for the survival of your business?
Maintaining a business while the key to your success is just as difficult nowadays. Today, given the conditions of the global economy and the epidemic of the Corona virus, keeping a small business active is also a difficult task and it is not possible without a strategy and goal. Few sources have talked about the survival of a business, but paying more attention to detail can ensure the survival of a business.
Because every small business is different and each has its own risks and rewards, there is no set book for survival.
We've put together some useful survival tips for a project so we can give you a little help from LyncMe to save your business.
1. Examine the purpose of business
Sometimes, with some bad business situation, such as the recent situation (Corona virus), small businesses suffer more than known businesses and suddenly lose a lot of capital. However, some businesses adapted to the purpose of the business and the changes that have taken place in the world, and saved their small business. But now my advice to you, however, is to go back and look at the big picture of your business. What has changed? What needs to change in line with the changing world? What is still working well? This is an opportunity to better understand the scale and scope of the existing problems and to better understand your company's business model - determining how to play on its strengths and weaknesses. By analyzing the current problems, products and services available in the market, the tastes of the audience, etc., find possible problems and change the purpose of your business according to them.
2. Register your loyal employees.
You may have noticed that as soon as a business encounters a problem at the beginning, it fire to the expert staff it has trained over the years. I have to tell you, this is the worst thing that can happen and it can be a fatal blow to your business, and these expert forces are your business capital, and if you accompany them in bad situations, you will see that their creations will save your business. Instead, Under normal circumstances and when hiring, you can be more careful and take the time to hire the best specialists, so that even in difficult situations, you can be sure that they will be by your side and work properly.
3- Financial reserve for critical situations.
A small business should know that it always needs a small financial support to be able to rely on it in times of crisis. Small business owners need to take steps to ensure that the company has access to cash, especially in times of crisis. Small business owners also need to consider other potential sources of capital. This may include taking advantage of savings during peak times, clearing stock, or borrowing from family members. A small business owner must have access to a financial capital or a creative way to raise funds to achieve it in his or her difficult conditions.
4- Do not ignore small issues.
It is true that sometimes a big issue or an unfortunate event can greatly affect your business. But not paying attention to small issues can be just as destructive to your business. Imagine an issue like Corona that has affected the whole world, how some businesses are still running more successfully. This shows that although the big issues have affected the completion of businesses, it is the lack of attention to the small issues that has completely disrupted your business. Issues such as how to reach products and services to the customer, adequate parking, the company is out of town and the type of access, the quality of sending services and products online, the possibility of online reservation and ...
Considering and analyzing the myriad factors that bring a customer home can help identify some of the problems. Paying attention to these issues can save your business.
5- Maintain the quality of products and services in any situation.
Keeping costs down in the face of adversity is a skill and an art in maintaining your business. But it is deeply wrong to start lowering the quality of products and services in the first stage after encountering a problem. Being able to keep your customer in the worst of circumstances is a great art so that you can build customer loyalty for yourself in the long run.
Although it is not easy to survive in difficult conditions, owners must remain aggressive and engage employees with the changes that are being made. However, you should be careful not to lose quality when making these quality changes. Imagine owning a food brand, it is true that you have to save money and buy products at reasonable prices, but you must be careful not to lose quality, because in the same difficult situation if the customers are dissatisfied Otherwise, you will lose your business.