Five Business Survival Tips for 2021
1. Become Agile
2020 taught us many lessons, but most of all it taught us to prepare for anything. We never truly know what is coming next but being open to new ideas and learning how to deal with change are skills we can use for any situation. The business that can solve new problems in the quickest and most unique ways are the ones that will survive whatever comes their way. If you made it out of 2020 without having to change anything in your business you are extremely lucky, but most likely you have already been learning how to stay agile and creative in today’s market.
2. Push Advertising Campaigns
The worst thing you can do when you see a lull in business is to stop your marketing efforts to save money. Sometimes these marketing efforts are the only thing keeping the business going. It may seem counterintuitive but putting more time and resources into marketing during hard times will help your business survive. Make sure you hire a marketing team that understands what you want to do with your business long term and has your best interests in mind.
3. Find the Right People to Work for You
Having the best people for the job keeps you one step ahead of your competition. As a business owner you want to be able to handle everything yourself, but when you can’t you have to have a staff you can trust to do the job just as well as you would. Hiring the right people is only one half of the puzzle though, the other half is making sure your employees are happy at their job. Creating a positive work environment where your employees feel valued will significantly increase productivity and help your business in the long run.
4. Work to Automate Processes that Waste Time
Another valuable lesson learned in 2020 is that time is extremely precious. There is a tool or resource out there for pretty much anything these days. Whether you are looking for invoicing tools, social media management, or even expense tracking there is a solution for you. Some of these may be apps or software you purchase, and some may come in the form of a group of people to hire for taxes or social media management. Whatever you feel you are losing precious time to, there is a solution to make the process more automated for your business.
5. Diversify Your Markets
We have seen a lot of this in the last year in so many different industries. One of the biggest changes we saw was how many small businesses switch to eCommerce last year. Many businesses didn’t have a website set up for that but had to make it happen to survive. In the restaurant industry we saw actual laws change to be able to sell mixed drinks with to go orders here in Ohio. People got creative and pushed for change that they knew could help them survive. Is there a market you feel you could excel in but haven’t made that jump yet? 2021 could be the year to start taking steps to expand your market.
We hope this list will help you get your business back on track or continue to thrive! If you are looking for someone to help you with advertisements or even a website, you are in the right place! Go to https://www.berrydigitalsolutions.com/contact-us.html to contact a consult from our team and start growing your business today. We are always happy to help.
Written by Chelsea Bray- Elle A. Design