Surviving Covid19 – You’re Not Alone, What You Need to Know for Your Business
We are interrupting our Foundation Series to bring you some much-needed information to deal with our current situation of getting back to business following the Covid19 Pandemic closures. We hope to address the many issues that business owners find themselves managing under unprecedented circumstances.
What the heck can businesses do when a deadly virus attacks our planet, putting an end to human contact as we have known it for an unforeseeable future?
Do we need to radically overhaul our usual ways of working and how we run our day-to-day business?
What can business leaders learn from this and take away to keep their businesses thriving for the next year?
You’re Not Alone
These are the many questions our board has been dealing with as we strive together to help not only our members but the many struggling businesses in our communities. We hope to address these and many other concerns with our Rise Above Program.
Before we dive into some defining strategies for you and your business, I want to put your mind at ease. You’re not alone. Your business, like so many others, is probably going through a vast change, mostly overnight. That can be overwhelming and mentally stressful.
The Covid19 Pandemic has thrown the whole world into chaos, an unknown future, and a learning-as-we-go mentality.
Here at TAB Central Alabama, we are doing our best to help our business leaders and those that depend on them make it through this ordeal intact and with a plan for recovery by hosting a COMPLIMENTARY/NO-OBLIGATION CEO/Owner Virtual Round-tables.
The goal of our Virtual Round-tables is to help business owners find creative ways to deal with the current crisis and its impacts on their businesses.
These Zoom Virtual meetings will be facilitated discussion among participants with business leaders available to share what they are doing, answer questions, and offer advice.
No one has all the answers, but collectively we develop solutions.
I am a part of all that I have met.”— Lord Tennyson
If you are struggling with your business and are lacking support, we can change that for you. We have a camaraderie of like-minded individuals that will help you bear the burden and give you a sounding board to make the decisions your business needs to not only survive but thrive.
We are here for you!
For the months of May and June, our virtual TAB boards are offering a complimentary membership. If you would like to take part in our event, please click on the link below to apply for all events.
Once you’ve been approved through the Registration Form below, you will automatically be registered. You will then receive the login information for the next TAB Virtual Board.
Take a minute and apply for our complimentary membership, (May – June 2020) here and get the support and information you need for your business.
Top 5 Reasons Businesses Fail
Most of the time businesses have the personal qualities and qualifications they need to succeed and get everything right. But why is it that an overwhelming eight out of every ten business fails and how is the Covid19 accelerating that number?
- Failure to adapt to customers and their needs.
- Failure to market online.
- Failure to leverage future growth.
- Failure to adapt to market changes.
- Failure of diversity.
According to the United States Census Bureau, applications for small to medium-sized businesses fell to a negative (- 9.8%) nine-point eight percent for 2020 which was comparable to 2008 when there was a negative (-6.0%) six percent drop in applications at the same time of the year. (Census.gov/econ/bfs/index)
People are scared and not aggressively taking the steps that they normally would to begin their business.
What does that mean for business owners being impacted now?
It means that business owners need to learn from what doesn’t work and be creative in solutions that best fit the market needs at the moment. Small to medium businesses account for some forty-four (44%) percent of all economic activity in the U.S. and are responsible for creating sixty-six (66%) percent of all new jobs. (U.S. Small Business Administration Office of Advocacy).
It’s vital that we help our small business owners. Remember the old adage, “Two heads are better than one?”
Trying to stick this out alone could devastate a business’s future, disrupt a business owner’s retirement plans, and drain a family’s savings.
We can all be better together.
It’s imperative that you as a business owner get the help you need today. Don’t put it off thinking things will get better. Be proactive. Join one of our virtual boards and get the feedback, information, and tools you need to not just keep your business afloat but actually surpass your original plans for the future.
You’re in the best of hands with our camaraderie of like-minded business owners that want to help you succeed in all your endeavors. Give us a call at (205) 332-5524 or take the time and apply for our Complimentary Virtual Board Tables. We are here for you during this time and you won’t be alone in your struggles.
Till next time, thank you for stopping by. I hope this has given you peace of mind and a new positive outlook on your business future. Join us next week where we discuss CREATING A COMMUNICATION STRATEGY – RISE ABOVE COVID19.
Message or call us today if you need help getting your business back on its feet.
We are here for you during this time and you won’t be alone in your struggles.