With all the additional operating SOPs and regulations, running a business in the post-pandemic era is tough. Here are 5 tips to help SMEs recover in this challenging business environment:
1. One Thing at A Time
When reopening your business in this post-pandemic times, practising the ‘one approach’ is the best way to avoid being overwhelmed. You can focus only on one product or service, one sales channel and one social media platform. With fewer decisions and distractions, you can concentrate on getting your groove back before revving up your business operations again.
2. Take It Easy
While the dust of the pandemic is settling, the business environment will experience changes along the way. You might want to take it slow starting back again while observing the changes. Plan ahead for the next three months based on your observations. Being ready for the future is better than losing out in the short term.
3. Seek Help
There is no shame is asking for help to restart your business. There are many financial aids and grants for SMEs provided by the Malaysian government and corporations. You can also talk to your bank to suspend payments for a short time to help you get back on your feet again.
4. Keep Costs Low
Managing your operating costs is crucial to keep your business afloat in this challenging times. One way is to allow your employees to continue working from home. You can also request for your landlord to reduce the office or shop rental.
5. Upskill Your Staff
After the lean months, your business might not be in a position to hire extra staff to grow in the near future. Hence, it is necessary to equip your existing staff with new skills to cope with reopening and operating in this new normal business environment.
With careful planning and strategic decisions, your business can recover and thrive in this post-pandemic era. PLE Laundry Equipment Sdn. Bhd. is committed to help laundry business owners navigate the new normal business environment. Call us at 016-262 2965 or 03-5633 6405 today.
