Tips for Entrepreneurs During the COVID-19 Crisis
April 13, 2020This is a sponsored post written by me for GoDaddy. All opinions are mine alone. #OpenWeStand
In such a short time, it seems like everyday life was turned upside down. With the coronavirus crisis in full force, people around the globe have been affected in countless ways. Today I’ll be sharing some actionable tips for entrepreneurs trying to navigate these new, uncertain waters.
As a full-time blogger myself, I have noticed quite a few changes in my own personal work load. First, I have found that some campaigns that were started months ago and were being reviewed by the brand have been postponed until further notice. This is totally understandable and expected given the current climate. Second, with schools in my area closed indefinitely, I have been homeschooling my daughters for the last few weeks. As a result, I am choosing not to take on nearly as much work as I normally would.
While this current crisis affects everyone in some way, one of the biggest impacts can be felt among business owners that rely on daily customers to stay afloat. Fortunately, GoDaddy is here to help the everyday entrepreneur with #OpenWeStand, which is a campaign designed to help small businesses during this challenging time.
Here are some practical tips for businesses affected by the coronavirus crisis.
1. Keep in touch with like-minded folks.
Don’t forget that you are not alone. There are millions of other business people around the country dealing with this new reality: having to shut their doors and possibly having to halt business efforts for the time being. Keeping in touch with them can be a smart way to share tips & resources. Fortunately, GoDaddy has made this easy!
GoDaddy created a microsite specifically for entrepreneurs affected by COVID-19. There’s a Resource Kit with tools & advice for managing your business during this time of crisis. In addition to many articles & videos designed to educate entrepreneurs, there’s also a support forum for networking with other like-minded folks. On this forum, you can share advice and suggestions with other business people around the country.
2. Seek government help.
Depending on the nature of your business and how many people you employ, there might be a federal program that can help you during this challenging time. You might qualify for a small business program that will enable you to continue to pay your employees during the period of quarantine. It’s definitely worth a little research to see if it’s something that can benefit your business.
3. Adjust your business model.
With the widespread push toward self-isolation, allow your employees to work remotely where possible. Furthermore, look into the possibility of relying more on automatic systems and less on people. There are plenty of technological advances available nowadays that can help you streamline your business workflow. Whether it’s creating an effective sales cycle, fine-tuning task management or capturing leads, there are ways to automate these processes and boost efficiency.
4. Have a flexible outlook.
Indeed this current crisis is an uncertain time for everyone. Try to adopt a go-with-the-flow attitude. Realize that what worked even two weeks ago may not work today. When it comes to your everyday business efforts, be flexible and improvise.
5. Plan for a post-crisis comeback.
Don’t lose sight of the fact that this quarantine is a temporary phenomenon. Things will go back to normal eventually. Start thinking now about how you will kick start your business back into full operations when it’s time to open back up. Create a plan for that now.
Don’t forget to check out GoDaddy’s #OpenWeStand site for resources & inspiration during this trying time. How is your business affected by COVID-19?
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Yes, I always try to focus on the good and remind myself that this WILL end. My husband is lucky and works for the military, so he gets paid. (But he still has to work too.) I will have to check out this site!
Covid 19 has affected us all and we are no exception. I am not making much money these days and hope the recovery will be a light at the end of the tunnel.
I really enjoy reading this post. These are really helpful tips.
This is great advice for small business owners. I am conflicted about supporting small businesses right now. On one hand I don’t want to do unnecessary shipments and on the other hand I don’t want people exposing their staff to the illness. Maybe gift certificates is a good way to go.
couldn’t agree more for this and def something I’m trying to do with my little business too. thanks for sharing all of this 😀
These are great tips to help deal with the scary business side of COVID-19. I know a lot of small business owners and many are overwhelmed with the worry of what happens next. These tips should help them.
It is good to take advantage of resources when you can. Since I am home more, I am trying to work on projects I haven’t had time for.
Our local businesses here are all trying to cope up and innovate. We are also helping them by sharing their business online especially if they have deliveries.
These tips for Entrepreneurs are really useful. It’s been o hard since COVID 19 started and many things have changed. I will keep these tips in mind.
I’m just the opposite. Everyone is home and figuring out how to make money from home so I’ve been so busy!
Surrounding yourself with like-minded individuals is a must for me too. You sure want to be with people who will lift you up, not pull you down.
This is some really good advice. I’m surprised we have all been doing really well with all these changes. It can be tough to adjust, but we’re doing it.
In the current climate and uncertainly for so many SME this is a fab resource so thanks – we can all get through this if we support one another
These are hard times for those that have a small business. Now it’s the right time to prepare the post-crisis comeback.
Staying on top of things right now is very important. Make sure you are keeping in touch!
It’s so great when a company recognizes that they can provide free resources to help their customers. I really respect GoDaddy for doing this.
“Post crisis comeback”. BB likes that. Although truthfully, with so many uncertainties it’s hard to picture what’s to change, though we know things most certainly will. Here’s to staying positive and trusting all is for the greater good. BB2U
These are great tips! My husband and I have been busy learning new skills while working from home.
These are great tips, yes Post crisis comeback that is what I am look forward too. It is really hard to stay positive still we need to do that.
[…] have talked about the #OpenWeStand community offered by GoDaddy before in this post. I totally appreciate that GoDaddy is keeping the economic health of small businesses a top […]
[…] in one way or another by COVID-19. In previous posts, I partnered with GoDaddy to share tips for entrepreneurs and tips for revitalizing a business during these times. In today’s post, I’m […]