This article is contributed by Jason Dirkham
Right now the world of business has hanged, and it can feel like we have all entered uncertain times. The level of risk, the worry about moving forward with life, and as a business owner, you may be concerned. You might have a small business and wondering how you can thrive in these circumstances. There are things to consider and with that in mind, here are some of the changes you could make.
Manufacturing your own products
One of the first things to think about might be to consider manufacturing your own products. Now might not be the time to rely on contacts from overseas, as we all face a global pandemic and with many countries at different stages. So taking this step to manufacture could be the way forward. There is a lot to think about, from larger elements and production lines to some of the smaller key factors in terms of the tools used, and thankfully a seal design guide and other factors that can help you be more aware of what is involved is available to you. Small steps to a larger plan can help you to make that step.
Diversifying your business products and/or services
Another thing to think about would be to try and diversify your business as best you can. This might be looking at ways to make profits or change the way you offer services. You may not be able to offer the services that you do now due to social distancing measures, so you may be able to change the way you operate so that your business can continue to function. You might also want to think about the way you provide products, perhaps being able to diversify and add to your range. There will be opportunity in this crisis and you may be able to find ways that you can move your business forward.
Working from home where you can
You might also need to avoid working in the office right now, or operating out of a shop or retail premises. So working from home could be a more appropriate way of doing things when it comes to your business. Working from home may even be able to save you some of your costs such as a commute, or even a saving in operating bills. It might even be a better option moving forward for you to reduce your outlay. You may find that this is a great way to move the business forward as you start to navigate business in these difficult times.
Outsourcing parts of your business
Finally, you may need to think about outsourcing parts of your business, and as you might not be able to work in the same room, outsourcing certain aspects of your business could be a great way to move forward. It could then free up time for you to focus on other areas of your business that may be more profitable and change the way you operate moving forward.
Let’s hope these tips help you to make some great changes in this new world we find ourselves in.
This article is contributed by Jason Dirkham
