Bad credit business loans are an important resource for any struggling enterprise, but they’re especially valuable during these unprecedented times. With the pandemic threatening lives and livelihoods, we as an economy have had to shift our business structures to adjust. As the illness continues to threaten the country, here are a few ways to keep your company running.
Where To Find Clients
For many retailers, walk-ins are their bread and butter. However, with storefronts closed, how are you supposed to draw in new clientele? Fortunately, we have many resources that allow us to connect with others, even when we can’t be face-to-face.
Utilize Online Resources
First and foremost, you should take advantage of the internet. The majority of companies have social media accounts, and now is the time to get the most out of them. Engage quarantined consumers with fun videos, helpful articles, and feel-good polls. You should also ramp up other aspects of online marketing:
- Offer referral fees
- Paid & Free advertisements
- Email marketing campaigns
- Text message marketing campaigns
Partner With Other Businesses
In these uncertain times, we’re better together. The majority of enterprises are struggling to drum up business, which means you and your peers may benefit from pooling resources. Find other companies located in your neighborhood that have a similar market or share mutual goals, and create partnerships that expand your audience.
Reach Out to the Community
It’s not just businesses that are having difficulties, but consumers may be struggling financially as well. You can do a lot for your image by reaching out to the community via fundraisers, donations, and other forms of giving. When the danger has receded, customers may remember your generosity and choose to repay your company in kind.
How To Operate From Home
Public health officials are urging everyone who can work from home to do so. This can benefit your company, as helping your employees stay healthy means fewer call-ins and a higher likelihood of workers staying with your business through the crisis. Of course, when moving to an at-home operation, there are going to be some changes to your processes.
Allow Flexibility
When working from home, employees may have conflicting responsibilities, such as caring for children. Fortunately, working at home does allow for flexibility, as employees can perform some activities on their time table. Also, remember that it may take a week or two for workers to adjust to the new environment, so have patience as you all find your rhythm as a team again.
Keep in Contact With Your Team
It’s essential to keep in touch with your employees, especially since more people than ever are feeling disconnected. Even if you don’t need to speak to one another to complete tasks, you should still organize a weekly or daily video conference to check in with everyone and offer support.
How To Convert Your Business To a Home Office
If you don’t normally offer remote work, you may need to acquire certain tools to facilitate work-from-home. Understandably, you may not have the resources for this kind of purchase, but you may be able to obtain some capital with business loans for bad credit.
Get the Right Tools
Having the right software is an absolute must. You have to be able to coordinate on projects and communicate in real-time. Fortunately, there are many options specifically designed to make remote work efficient:
- Shared calendars
- Project managing software
- Video chat
What Services You Can Add To Generate Capital
As consumers comply with CDC recommendations to social distance, you may have to change how you offer goods and services. Some businesses have started stepping up to the plate in this regard, coming up with innovative ways to meet customer needs despite the pandemic.
Offer Curbside Pickup
Many enterprises are offering curbside pickup, which allows customers to purchase items without coming into contact with employees or each other. If you have a website or app, you can integrate curbside pickup into your current system; since many customers are already used to ordering online, this option is convenient and relatively simple to implement.
Go Remote
Companies that offer services are at a disadvantage with social distancing orders in place, but depending on your industry, you can operate remotely. Graphic designers, consultants, therapists, and others who meet with clients can switch to digital, allowing everyone to get what they need with minimum risk.
Do you need access to capital? First Capital Business Finance offers a variety of financing, including start-up business loans. For information about our services, give us a call at (888) 565-6692 or contact us online.
Keep Your Company Afloat During Quarantine With Bad Credit Business Loans and Other Resources | First Capital Business Finance
