Right now mostly every business is going through a bad patch definetly small businesses. Due to the coronavirus the government has mandated that all non-essential businesses close. Leaving business owners and their employees without jobs. However, right now in this time a lot of small business is at the brink of sinking and not reopening. If you’re looking for ways to save your small business from going under, here are a few tips.
What to do?
If you are in need of a loan, the federal government has recently enacted two pieces of legislation to help small businesses weather the COVID-19 crisis, including the CARES (Coronavirus Aid, Relief, and Economic Security) Act passed on March 25, which provides $349 billion in Small Business Administration (SBA) loans. The previous bill provided $7 billion in additional loans.
It is important to note that the goal of the government is to get these loans into the hands of small business owners as quickly as possible, in order to keep them going and be able to continue paying their employees. The loans are meant to address the loss in sales and the ability to operate along with the corresponding inability to pay employees, rent, and other costs of doing business due to the pandemic. To that end, the SBA is trying to ease previous requirements for securing loans and attempting to make the process as simple as possible.
To apply go to https://www.sba.gov/funding-programs/disaster-assistance
Manage your money One of the main reasons small businesses go out of business quickly is that owners fail to manage money well. If your business is going through a rough patch, it’s a good idea to create weekly budgets, instead of monthly and annually. Right now COVID-19 is hurting a lot of small businesses so a lot of loan financial companies our pushing loan payments back. So contacting your debtors and explaining that your business has been affected by the COVID-19 and it should put you in a good light, and they’re more likely to work out a payment deal than come after the business.
Use online tools
Online tools like www.pushmessengerblast.com is a Revolutionary, Most Powerful and Complete Facebook Messenger Marketing Software. Push Messenger Blast is now not only Messenger marketing tools but also has the most complete page’s posting features that can outrun any other Facebook posting tools existing in the market. Other online tools like google will help you to manage your time by reminding you of meetings, posting to social media regularly, and limiting the amount of time you spend on distraction websites. The more spare time you have to think deeply about your business, the more likely you’ll come up with a solution to save your business. They also offer a FREE 30 DAY TRIAL.
Do you have a Website?
If your business doesn't have a website, you will fail. Because your business is closed, you should still be making money online. You remember the times your customers asked do you have a website and you said NO, I bet now you wish you had one. But it is still not too late. If you need a website, contact companies like www.pushmarketers.com and have them build you the best website that is marketable and it execute sales.
Effective Marketing
You may be scratching your head at why your business is failing. Sometimes, you can have everything you need for the perfect business – great products, target audience, right prices – but something still isn’t right. That’s the time when you need to look closely at your marketing strategies. If the customers aren’t biting, it could be that they aren’t seeing the bait. It’s important to invest in quality marketing with companies like Push Marketing so the people you’re targeting actually see what you want them to see. Don’t make the mistake of doing exactly what your competitor is doing. You need to figure out what sets you apart and play to your strengths. Show your audience you’re one of a kind.
Advertising
Video Advertising has become the best way to attract customers on social media. That's Facebook, Instagram, Twitter, Linken, etc. Need a marketable video to promote your business contact Push Marketing.