There’s no doubt that the coronavirus has impacted small and large businesses alike. It has tested start-ups and fundamentally changed how entrepreneurs plan for future disasters. If your small business is one of the lucky ones to come out of the other side, then you should be taking active steps to strengthen your company. Future-proofing is something you should start now, even if you’re still reeling from the pandemic.
Ways to Strength a Small Business
Plan for Business Continuity
Would your company survive another shutdown? If the pandemic taught us anything, it’s that businesses need to adapt to survive. Your customers may have new needs that should be addressed. Make sure you are aware of these updates and know how your business can cater to them. For example, if your business relied on foot traffic, you may need to offer delivery to customers now.
Succession Planning
Does your business have a plan in place if a disaster were to strike? What about if key workers fell ill or left the company? Succession planning in business is important as it directly addresses how the business will identify future leaders and recover from key players leaving their roles.
Embrace the Community
If your business is able – help out in the community. Not only will you be doing a good thing by helping the vulnerable or providing supplies to those on the front lines, but you’ll also be creating a positive connection between the community and your brand.
Find the right business insurance that will stay by your side throughout disasters. At J. Archer Insurance Group, our experts help you find the best coverage for your needs. Serving Houston, Texas and beyond, contact us today.
