Post Pandemic Planning: Adapting Your Business To The New Norm
The world of business in the second half of 2020 looks vastly different from 12 months ago. While the fact you’ve managed to overcome the immediate challenges of COVID-19 is great, you must not ignore the need to adapt for the long haul. The new norm is here to stay, and companies who are unwilling to evolve will get left behind.
Many of the fundamental features are the same, and simply require some tweaks along the way. Here are five steps that will lead you to success.
#1. Manage Employee Matters
Employees have always been the heartbeat of your business. Nonetheless, you will need them to be at their best now more than ever. It may be necessary to adapt your approach to recruitment while some team members will be working from home. To keep all aspects running smoothly, you should use the best HRIS systems to support your Human Resources team. Removing ambiguity and maintaining high levels of morale can go a long way to aiding productivity and profitability at this time.
#2. Revamp Marketing Strategies
If your business is going to survive for the long haul, improved marketing strategies will be essential. Even if your ideas had previously yielded great returns, it’s likely that some changes are now needed. Consumers are interacting with businesses via online channels like never before. Therefore, mastering your Google My Business, local SEO, voice search, and social strategies is vital. Engaging content and visual info should play a central role, while multichannel campaigns are crucial too.
Everything you do in business should be designed with customers in mind. This should not end with marketing. A lack of human interaction can cause confusion, which is why VoIP facilities are a great addition right now. Meanwhile, your website or App should be easy to navigate while live chat and chatbots may be used too. Crucially, all info relating to issues like refunds and repayment plans should be clearly defined. Keep customers coming back for more, and you’ll be just fine.
#4. Handling Time & Expenses
Efficiency will be a priority for all companies over the months to come. After all, every business can anticipate a reduction in sales revenue as a direct upshot of the economic problems caused by COVID-19. Therefore, a tighter control of overheads will be essential at this time. Trimming the fat from utility bills, packaging materials, and other features is vital. In addition to using your capital well, you must also focus on time-efficiency. Clear communication and removing unnecessary travel will work wonders.
#5. Avoid Danger & Disruption
Now more than ever, your SME cannot afford the financial and reputational damage caused by downtime or outside threats. Cleaning and disinfecting all working environments will be your first concern. However, it’s equally important to keep employees safe in all workspaces. This should cover physical security as well as data protection. From a business outlook, you will want to extend intellectual protection to the use of non-disclosure agreements. It’s better to be safe than sorry.