Ideas and Actions to BOOST Your Business POST-CORONA.
Dr. Ghadeer Shoman
![Dr. Ghadeer Shoman]()
Dr. Ghadeer Shoman
Consultant ?? Helping Arab executives navigate the complexities of marketing, corporate governance, and management in today's global marketplace. ??????? ????? ??????? ????? ?? ??????? ?????? ??????? ????????
Many business owners tend these days to cut costs by laying-off employees and pausing some production lines or even deleting them as one way to weather any crisis.
Nowadays, as we globally going through corona crisis and most of the business sectors all over the world are negatively impacted, here are some ways to withstand this adversity and to plan and help thrive your businesses:
- Instead of cutting costs, like laying-off employees why don't you think of hiring new highly qualified and talented personnel to move on innovatively and boost your business performance results financially and the non-financial ones.
- Re-allocate spending to new and more beneficial streams, maybe you already had production or business lines that weren't that beneficial and some spending streams that drained your business and increased the impact of coronavirus on your business.
- Re-think your sales targeting and that is your prospects whether by location, new types of industries and companies that you didn't think of before.
- Talk to shareholders to ask for more money in return for some privileges and increasing their ROI plus to reschedule the time to pay the ROI .
- Think of investing in some sectors that would increase your income streams, grow your business, and back it up at times of economic downturn.
These were some quick tips, let me know what do you think or what are you trying to implement to recover your business and boost it.
To improve your business and move forward with your financial and non-financial results, whatsapp me 00962795116324 to book an online consultation.