How can I sustain my business in times of a global crisis?

Question

As a beginner business owner I'm unsure i will be able to sustain my business in times of a  global crisis for example covid19

Answer 1

Don't sacrifice quality, keeping a handle on costs is crucial in tough times. Owners need to stay on the offensive and get employees on board with changes that are being made. However, be cognizant of not sacrificing quality when making these product changes.

Comments

Generally convincing and understandable I am now seeing things in a different point of view after reading this answer.

Answer 2

Un negocio se puede mantener en tiempos de crisis global, pero para ello, debemos hacer las cosas diferentes para enamorar a los clientes, sencillo adaptarnos al momento histórico que estamos viviendo.

Comments

Enlighting one another and sharing of adequate information is what we are all there for, i find you to be quite enlightening on this matter.

Answer 3

You can develop new strategies to make sure your bussiness status afloat . Like venturing into online advertising through use of social media to reach your audience , doing deliveries for customers and offering discounts on specific products once in a while

Comments

You are very wise and understanding,I like your point of view on the Matter at hand and you have enlightened me.

Answer 4

It's difficult to response. I thing you must watch what happen with consumers in order to do changes in manufacture or distribution of your products and or services to satisfy people in any global crisis.

Comments

As of now and so on I will consider these logistics as to be very legit and wise to aim on better outcomes for the question asked above.

Answer 5

Eso sí, si puedes con mucha dedicación y esfuerzo, actualmente muchas cosas se manejan por las redes sociales, es la mejor manera de promocionar lo que vendes para atraer clientes, así que ponle el corazón.

Comments

Your idea is legit and I would rate it a five out of five because of the wisdom in the paragraph above.

Answer 6

One of the best way to keep your business afloat is by simply using the 4P's which involve place, promotion by using this you can choose a suitable location to increase your cash inflow and also by using promotion and setting up of discounts you can get more customers to come to your business.

Answer 7

It is difficult to maintain the success of a business in times of crisis, however there are some keys to knowing how to manage them. You have to have leadership and know how to determine a work plan in the midst of a crisis, current times do not obey the norm, but rather bring changes and new challenges where it is necessary to assume a proactive and adaptable attitude.

Answer 8

I think it is not the right time to start up a business at present. However, it is good to try selling online, which I  am doing lately.

Answer 9

Be flexible yet discipline

Remain resilient

Show appreciation

Stay focused on the big picture , take the time to slow down to adjust your strategy. 

Answer 10

To sustain a business during a global crisis, consider adjusting operations, reducing expenses, seeking financial assistance, and adapting to new market conditions.

Answer 11

Like venturing into online advertising through use of social media to reach your audience , doing deliveries for customers and offering discounts on specific products once in a while