5 Tips To Grow Your Business During

For many small and medium-sized businesses (SMBs) in Singapore, the effects of the corona virus (COVID-19) are taking a heavy toll, with some customers advising to stay away, employees to work from home, and supplies. China is disrupted.

Meanwhile, some clients may be wary of doing business for fear that orders will not be fulfilled. So, how can you move your business forward during this uncertainty? Read this article for tips to help your company and employees.

Keep communication lines open Communication is always important, but open, honest, relevant, and regular communication with employees, customers, and suppliers is essential in difficult times. The fact that almost everyone is infected with the corona virus means that almost everyone will understand your problem.

Whether it's an email, a phone call, a statement on your website, or a comment on social media, emphasize that you understand the concerns and concerns your stakeholders face. , Then highlight the action you are taking. Make it clear that you want two-way communication - interacting with clients, employees and suppliers - and that you are always ready to listen.

Explain that in difficult times, you are ready to be creative in the way you work with them to move the business forward. It is also important to talk to your bank, lender, or shareholders. In addition to asking for advice and additional help, let them know if you think you may be having cash flow problems or if you are worried that you are going to have a headache.

Help employees work from home In response to the Corona virus outbreak, many businesses are allowing their employees to work from home. There is evidence to show that people work from home more efficiently and spend less time getting sick. Technologies such as Zoom, Skype, and GoToMeeting offer an alternative to face-to-face meetings.

Workplace from Facebook, Slack, Monday, and Basecamp are among the other apps that enable collaboration between remote work colleagues and the management of teams that are now at home. Microsoft and Google have made some of their products available for free for a limited time due to the spread of the Corona virus. It is important to be in regular contact with your employees who work from home.

You may not be able to have regular team meetings in person, but you can do them online. In these uncertain times, it is more important than ever to be in regular contact with your people. This will help keep you motivated and engaged. You can also help your staff stay on top of your business finances through accounting software that offers the ability to work remotely. For example, Sage UBS allows you to manage your business finances - including accounting, inventory, and billing - from home. To make sure your data is safe, be sure to talk to your cybersecurity provider about any additions to the work from home.

Find new opportunities to reach your customers and clients It is often said that crisis and opportunity are two sides of the same coin, the Corona virus provides SMBs with opportunities to provide new products and services. Already, some gym and personal trainers - businesses that are about physical presence - are in touch with their clients by creating fitness videos on YouTube and training clients in their homes.

Even if you can't sell to your clients so easily right now, think about providing them with useful, relevant information and content and staying in touch in general.

This will help ensure that when things get back to normal, not only are those customers more likely to buy from you again, but you can also have a deeper engagement with them. For retailers, you will try to improve opportunities with online sales platforms. Along with Amazon and eBay, you can consider Shopify, Yahoo Store, and Magento, among others.