Business slowdown? Use the time wisely

Different businesses and sectors will be impacted by the current lockdown differently. today I focus on those that know their business will be solid and bounce back strongly yet are feeling a slowdown impacting them.

At the start of this as I opened up my diary, I was on many zoom meetings with SME business leaders to “know your numbers” and establish both what your reserves are and how fast you may deplete them in the slowdown. Today I’m also then focussed on to those SME businesses that both now know their numbers and do have sufficient reserves to see them through a significant slowdown.

As we move towards May, in many countries we are looking at a continued lockdown for at least several weeks and a business slowdown (for at least a month or two, possibly more).

If you know your business will bounce back when activity returns and you know you have reserves, a few thoughts on how to use the time wisely.

We are too busy!

If things are slow for you now, remember back when you often felt you were “too busy”?