Hopefully we don’t see a pandemic like COVID-19 in a long time or never see one again. Aside from practicing safety, there are many business changes that you are probably thinking of making and here are a few examples:
Work from Home More, but not too Much
Now that many of us have been forced to work from home more, you may want to continue the trend. Although, working at the office does have benefits, including less distractions from family members, a better work set-up than working in your bedroom, kitchen, or basement, being around co-workers, and the sense that you are now in work mode.
Work Better Hours
Maybe you were used to putting in 12 hour days and realize that there is more to life then working. After taking a breather, now may be the time to cut back those hours, but be careful that the hours do not creep back up over time.
Expand Your Business
There may be opportunities to expand your business in a low-risk way if your business is currently in a strong position. It can be possible to find a good location with reasonable rents, good employees to fill positions, and marketing may be more effective if your competition decides to sit tight.
Evaluate Your Current Business Model
Instead of bricks and mortar, you can transform your business to be either virtual, online, or delivery based. Many industries have changed and I believe that some of the virtual trends, including telemedicine, will continue to increase.
If you like what you just read, then don’t hesitate to forward/share with your friends and/or click like!
Make sure to subscribe to our weekly emails to receive practical business, financial and tax strategies! Sign Up Now!