2020-03-31 13:21:14Business OperationsEnglishSmall businesses around the world are getting creative to stay open while COVID-19 keeps people indoors. Here are just some of the ways...https://quickbooks.intuit.com/za/resources/za_qrc/uploads/2020/03/working-through-coronavirus.jpghttps://quickbooks.intuit.com/za/resources/business-operations/keep-business-open-coronavirus/5 ways to keep coronavirus from stopping work at your small business

5 ways to keep coronavirus from stopping work at your small business

3 min read

Amid the uncertainty surrounding COVID-19, there have also been moments of brightness. Citizens making music together from their balconies in Italy. People braving the supermarket to buy staples for elderly neighbors. Athletes donating money to hourly workers and staff whose jobs are in limbo.

Among the bright spots are the inspiring ways small businesses are getting creative to keep offering their goods and services. Notable examples include restaurants offering curbside pickup, fitness centers hosting virtual workout classes, and local retailers delivering purchases. Here are a few more ideas for small businesses looking for alternative sales avenues.

1. Reinvent your business

If you’re a brewery like Griffin Claw Brewing in Birmingham, Michigan, USA you probably never thought you’d be in the hand sanitizer business. And yet, that’s what dozens of breweries like Griffin Claw are doing. It’s a great lesson in creative thinking when facing business constraints.

Look around your space and re-imagine what it could be. Maybe you can turn your kitchen into a community kitchen and focus on food delivery to the elderly. Or perhaps you can clear a space to sew masks for healthcare workers. Some of these efforts might go unpaid, but doing good work builds a positive reputation. And it’s possible some of the people you help now become your best customers later.

If you’re at a loss for ideas, reach out to the people who know your business best. You can still meet an employee over a video conference for a coffee and a brainstorm, even if you can’t meet in person.

2. Connect with clients virtually

Service-based businesses, in particular, may find it challenging to stay open while close contact is discouraged. But take a cue from the healthcare field: It’s been adapting a digital model for years.

When in doubt, think like a doctor. What services could you offer via video chat, livestream, or phone? There are plenty of ways businesses can adapt their services to virtual offerings.

3. Consider (or reconsider) e-commerce

Maybe you’ve tried selling inventory online, or perhaps the thought of opening an online store is new. Don’t think about selling your products online as a way out of financial hardship right now. Think of online sales as a chance to build out an additional revenue stream that will serve your business for years to come. Check out these tips for getting your business online quickly and this list of online marketplaces that can help.

4. Host your own planning retreat

Not everyone can keep their doors wide open during the evolving coronavirus situation. New York in the USA, for example, is requiring nonessential businesses to keep their workers at home and other businesses to close completely. And New York isn’t the only city considering measures that affect businesses.

If your business can’t keep its doors open, use this time to think about how to grow and pivot your business. Many business owners wish they had time to think about marketing or evolve their business plan. But normally, they’re too busy to do so. Now is your chance to make detailed plans for the next month and year.

5. Take some inspiration from others

Business owners from coast to coast are up against similar challenges because of the coronavirus. The good news is a lot of them are sharing whatever secrets they find for moving forward during this time. Keep communication channels open and use social media to see how others are responding. You might even participate in online forums to find more options, then adapt your business as you can.

Share your creative solutions or ask others for suggestions for your business in the QuickBooks Community. Just remember—your community is rooting for you.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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