🌺 Help Your Business Survive this Pandemic
Covid 19 has unleashed a lot of uncertainties in the business world. A lot of businesses have packed up and some are in great debts.
As an entrepreneur, you can help your start up business survive this Pandemic by:
🌶️ Monitoring your data usage and the calls you make. These seemingly little things have a way of draining ones account.
🌶️ Reducing your day to day business expenses. Your job is to monitor the money coming in to your business daily and the amount you spend on necessities. Endeavour to keep more money in by cutting down on your expenses
🌶️ Find alternative means of procuring goods, buy from suppliers who will give you at least three months to pay up, that way you retain some money.
🌶️ Buy products that are on demand, now is not the time to stuck up, now is the time to buy only those products that you sell off easily. Cash flow is important
🌶️ Watch your eating habits. If you love fast foods now will be the time to forgo it for cheaper alternatives. Don’t eat up your daily profits because it’s little, learn to save.
🌶️ Avoid selling on credit, anybody who doesn’t have cash to buy is probably not your best customer now. Selling on credit will jeopardize your small business.
🌶️To avoid spending your capital, try to restock as you sell, don’t wait to sell off before placing for a new order. Money issues creep up all the time, so save your capital by investing it back into your business.
🌶️ Build the capital called quality relationship. You need it now more than ever!
🥂To your continued business success and grow.
I’m rooting for you 😍