5 Ways Small Businesses Can Weather The Pandemic Downturn

  • 📰 Forbes
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Here are 5 ways small businesses can weather the pandemic downturn:

2 . Increase efficiency.

During economic uncertainty, small businesses need to hunker down and eliminate as much nonessential spending as possible. Look for ways to streamline processes, automate and increase efficiency. Even a small decrease in friction can lead to not only major cost savings, but also an improved customer experience. Cleveland-based marketing firmis following in the footsteps of major tech companies to allow its 18 employees to permanently work from home.

There’s no doubt the current economic downturn is challenging for nearly all small businesses. But adapting and listening to customers can help small businesses weather the storm and continue to grow, even during challenging times. Blake Morgan is a customer experience futurist, keynote speaker and the author of the bestselling book

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Actually a good article.

Very interesting article

6019GgEd3

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google, Facebook, other big companies call on Congress to help small businesses: Or losses could be 'catastrophic'Starbucks chairman emeritus Howard Schultz submitted a letter to Congress on Monday calling for the government to help U.S. small businesses before the coronavirus pandemic devastates them permanently and causes a 'catastrophic' number of job losses. The letter was signed by 100 business leaders including executives at Google, Facebook and Salesforce. MakeIt Of course, as we are a nation of by, and for the small businesses👍 ....Yeah that’s right, I don’t think we forgot anyone MakeIt This is absolutely pathetic! Virtue signaling and race based handouts! MakeIt Nope. Trump will somehow find a way for his family and friends to grift.... No
Source: CNBC - 🏆 12. / 72 Read more »

3 Ways Artificial Intelligence Will Change HealthcareFor most medical professionals, artificial intelligence (AI) will be an accelerant and enabler, not a threat. It would be good business for AI companies as well to help, rather than attempt to replace, medical professionals. The first needs to be 90% reduction in cost. Artificial intelligence
Source: Forbes - 🏆 394. / 53 Read more »

4 ways senior leadership can support employees' mental health at work - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

4 Ways to Adjust to the New COVID Demands on Your Daily LifeHow to regain a sense of control over your schedule when you're working from home, according to swhitbo
Source: PsychToday - 🏆 714. / 51 Read more »

31 Simple Ways Experts Stay Resilient, Hopeful, And *Happy* During The Toughest TimesYour emotional fitness matters as much as the physical kind.
Source: Women's Health - 🏆 475. / 51 Read more »

20 Ways to Wear Your Mushroom Obsession On Your SleeveFrom super-femme dresses to trippy tees, these pieces were made for fungi-lovers. corre aqui brielarson
Source: Fashionista_com - 🏆 474. / 51 Read more »