Small Business Tips
This has been a difficult and unprecedented time for many small businesses. Many companies are struggling or closing their doors because of the COVID-19 pandemic. There are a few ways small business owners can manage finances to help get them through this uncertain time.
Check Your Options
Stay up to date with all government announcements, initiatives, and programs that are being launched to help companies in this time of need. We have provided links to several resources below and are constantly updating our Newsletter, website, and social media with new opportunities as we find them.
As a small business owner, you should be flexible to changes in your work environment so that you can keep afloat. This means changing the way you and your employees do business. Working from home, appointment only, online options and changing open hours are different ways that your business may need to change. Use the internet to your advantage and get feedback from you customers on how you can better serve them.
Have a Financial Plan
Take time to forge a plan that will help you cut costs and survive during the pandemic. While planning well ahead is strongly encouraged, even planning a month ahead could benefit your business. Creating a basic idea of how to continue business at least gives you an idea of what you need to be doing to continue. This includes budgeting for any and all possibilities.
It's very easy to feel alone when you're struggling as a business owner. Stay in touch with other business owners around you. Speak to your employees and customers. It's important to stay in touch with other people who are in the same boat.
It's important to do what's best for you and your business. If you need any assistance at this time, feel free to reach out to any of us at the Chamber or your fellow Chamber members. We are all in this together!