COVID-19 has changed the way we operate. As we had to forcefully change somethings, but some represent the height of innovation in a crisis. The workforce and work itself saw some major changes. Moreover, the relationship between the employer and the employee and the business ecosystem also changed. However, most businesses faced the negative impact of the pandemic while very few, a positive. Start-up and small businesses had to put in a lot of effort to keep themselves afloat. So, here are some steps that will help you restart your businesses.
Financial Aides
The State Governments’ Website
As we all know that the virus had impacted every region of every country differently. Therefore, you can go to the government website of your state and look into it regarding everything. You can look at what sort of businesses the government has allowed in your area. Also, the government has decided on a fixed amount to fund the local businesses. Also, do not forget to look into the rules and regulations set by the government to run the business amidst the pandemic.
Small Business Development Centers
SBDCs exist in every US state, territory, and Washington DC. It is a partnership between SBA and local universities and organizations. SBDC offers to help and educate you on to find a new path forward for your company at bare minimum cost. Moreover, it also offers free business consulting and low-cost business training. Also, the SBDC will help you gain access to business plan development, market research assistance, disaster recovery resources, etcetera.
SCORE
SBA sponsors this go-to resource, which offers free confidential business advice. It was established in 1964. SCORE has committed itself to help rebuild and thrive small businesses post the COVID-19 pandemic. The CEO of the SCORE says that over one-thousand people have volunteered to help small businesses during this difficult time.
SBA Funding Programs
Small Business Administration (SBA) has said to provide up to ten-thousand US dollars of economic relief to small and agricultural businesses. Therefore, the small organizations that might be facing fund issues during and post-coronavirus pandemic can start planning and rebuilding their operations.
Some other CDS-recommended tips:
Reduce meetings and travel-
With the fast spread of the coronavirus, the CDS recommends avoiding traveling as much as you can. Also, avoid meeting in-person. Try to go virtual and online for most of the works. It will help you keep safe as well the others too.
Shifting Business Online-
As today we prefer to buy things from the stores after we try it out there once, many big enterprises have shifted their market online. Use online platforms and methods to engage your customers. Therefore, shifting your marketing sales strategy online will help you save your businesses from heavy economic loss.
Therefore, there are so many options available to receive funds for your businesses. But, there is one more hindrance that comes here. How to decide which financial aide suits the best for your business? Well here comes the organization that helps you customize your funds according to your need. Therefore, these organizations help the small business entrepreneurs to receive funds according to their needs which can also be modified with time according to their needs.
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