Stronger Business Recovery Amidst COVID-19

As Thanksgiving and Black Friday kick off the strangest holiday shopping season in decades, some business owners are turning to Americore for help to switch strategies to come out ahead this year.  Here at Americore, we are in the business of helping business owners locate and utilize the rare “blue apple” programs, loans and opportunities that create stronger business recovery amidst COVID-19.

If your business is not recession proof, let’s start a conversation about advisory services.  We can guide you through a troubling COVID-19 maze of business pitfalls and opportunities.

If you thought there would be a COVID vaccine by now, you aren’t alone. After all, isn’t it a global goal, and aren’t we all “in this together”?  In an environment where the efficacy of the proposed vaccines is questioned by many, and more shutdowns are threatened, it is no surprise that many small business owners struggle just to maintain, let alone improve their solvency.  What if there is a way to not only survive, but to come back stronger than pre-COVID days?

Making the Turnaround

Making this kind of turn around will take strong leadership, resilience and resolve, but you have that in spades.  Americore advisory services supplies the innovation, team approach and reimagination of how to approach the turn around.  You made a great business plan, and it worked up until everything changed in 2020.  Businesses lost foot traffic overnight, lockdowns happened all over the world and people became afraid to buy or to take any action at all.

The first step in renewal involves reimagining your business, to focus on three areas of recovery: revenue regeneration, reconfiguring operations, and accelerating use of digital solutions.

Revenue Regeneration

Given time, companies would be able to regain revenue streams as the crisis subsides, but today, time is not your friend.  Before the pandemic, consumers were already altering their buying habits, but new fears have accelerated the process.  Look for the revenue opportunities, from new demand based product lines to new revenue generating programs available.  It is critical to identify primary sources of income.  This becomes the basis for immediate moves that need to happen prior to any recovery.  Those moves include things like: initiating targeted campaigns to win back lost customers, informing your customer base of the steps you take to ensure their customer experience remains safe and healthy, and use real time data to adjust price points, and spend resources on the areas of business where you can see real growth.

Reconfigure Operations

Pay attention to how your workforce works best, then implement that model.  Keep rethinking – from productivity, to product lines to digital marketing and sales.  Companies need to think long term and position the business for that mindset.  Think action as priority over research.  Think market testing over analyzing.  Encourage teams to step up and have daily concise team updates lasting less than 30 minutes a day. Keep moving, as time is of the essence. 

Digital Solution

The entire business world has shifted to digital amidst the Covid-19 crisis.  It is not enough to simply shift. You need to expand your utilization of digital tools.  Increase your digital approach, such as data gathering, insights, faster decision making and consumer connections.

Act with a sense of urgency because immediate action is urgent.  Enjoy stronger business recovery amidst COVID-19. with Americore can help you achieve your business goals.