2. - The good times may be gone
forever.
- The COVID pandemic has forced
businesses to make changes.
- Customers want more for their
money.
- We need to learn to provide
(better) value.
- Small Businesses must be
careful . . . one misstep could be
catastrophic.
3. - Every business has been
affected by the pandemic.
- The resulting recession will
affect every sector.
- Experts are not in agreement
on when “normal” will return if
at all!
4. • Conflicting stories and opinions
make it difficult to know the truth.
• Do not expect any “normal”
• There will be a new normal as
businesses have had to adapt.
5. • The physical plant of a business will
never be the same.
• Reduced need for all office space.
• Reduced need for space.
• Social distancing will become routine.
• Working remotely is here to stay.
6. • What are your competitors doing?
• Look at what other sectors are doing
to get ideas on what your business can
do differently.
7. • Make hay while the sun is shining.
• Plan to work harder and longer to
generate the income needed to survive.
• Learn to work smarter….
• Seek out new tech for your business.
• Educate your employees on available
tech to operate more efficiently.
8. • There were no rules for the pandemic.
• We don’t know what twists and turns
remain for us to navigate.
• Learn to be flexible and adapt to a
changing business environment.
• Customers/Clients will have new
demands that must be met.
9. • Be proactive . . . anticipate problems.
• Be a business owner and not a worker.
• Establish a good relationship with
experienced professionals such as an
accountant, insurance agent and banker.
• An experienced business attorney who
knows your business will serve as a trusted
advisor you can turn to for advice.
10. For more information about protecting your
business and family, please visit our web site:
George “Geo” Bellas
www.bellas-wachowski.com