As the COVID-19 pandemic aggravates across the nation, numerous spots of business – small or huge – such as schools, offices, the New York stock exchange, theaters, wellness studios, document scanning companies, clothing and beauty stores have all been requested to temporarily shut down. This sudden halt in the economy has had a reverberating result on small businesses also. According to America’s Small Business Development Centers (SBDCs), a national study found that 69% of U.S. small businesses have already experienced a large drop in demand due to the coronavirus pandemic and 60 percent believe demand will continue to decline. As part of a comprehensive crisis management strategy there are a range of actions you should consider taking now to prepare your business for COVID-19, to place it in the best possible position to not only navigate through the crisis but to also be better prepared to take advantage of the recovery.
Check out the infographic below