According to reports, over 100,000 small businesses in the U.S itself have shut down, with 7.5 million other local and small businesses at the brink of shutting down. All of this happened because of the global pandemic that has left the world in a moment of standstill.
Just because so many businesses are on the brink of shutting down doesn’t mean you will give up before trying. Without a vaccine, the Covid-19 virus is here to stay. That doesn’t insinuate that your business needs to experience the worst end of it.
There are several ethical ways to scale your business during this time; giveaways and promo codes like William Hill Promo Code work magnificently.
Let us take a look at a few more strategies.
Take Care of Your Employees
It is hard sustaining a business without profits, especially if you have a team of employees. But, one of the best ways to scale your business during Covid-19 is to take care of your employees.
Remember, your employees are your biggest marketer. In the long run, consumers will pay heed to the companies that responded well to the crisis. If you mistreat your people, it will affect your online and offline reputation. Instead of cutting down people, try and engage them in ways that help market the business more for better outreach and profits.
Track Your Financial Status
As a business, you always need to be ahead of your finances. If you want to further scale your business, you need to sit down and assess the fixed and variable expenses to see where the company currently stands financially. It is a significant step that helps you plan for the future, especially with the looming uncertainty.
Contact Suppliers
Another necessary redo that you can do is by contacting your suppliers. Simply request them for a renegotiation for the prices of the products. It mainly works well with the suppliers that you have associated with for a more extended period. Asking them for a cut in the price instead of canceling the entire order works in favor of both the business - yours and theirs.
Switch to Online Means
Even with the pandemic hitting the world, the one thing that will never change is people’s addiction to social media platforms. It is where you need to take advantage of things and step up your marketing game. If you haven’t been using online platforms much before, it is time to change that right now. Moving your business online also keeps it operational instead of shutting it down for the unforeseen future.
Plan for the Coming Year
As unpredictable as things are, planning your business model for the coming 3-12 months is key. If your business needs to strive through this challenging time, it needs to have optimal capital. So, it is always better to plan on funding and investments, at least for a few months down the line.
Conclusion
If you give into the “failure mindset” right from the get-go without even trying, change that attitude. Nothing works best if you don’t even take the time to implement new strategies and experiment with things; the same goes for your business. We hope this list of tips and techniques help your business strive out of this crisis effortlessly.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes


SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 



