A Message to Business Owners in These Challenging Times
Dear Business Owner,
There’s no question that the ongoing COVID-19 outbreak has had a drastic impact on our personal and professional lives. I hope that you’re staying healthy and remaining safe.
To our team of business analysis experts, it’s clear that this crisis will continue to have a significant effect on companies across the globe—particularly small businesses. As Smart Business Doctor has spent years working to improve the health of such organizations, we feel it’s our duty to offer assistance specifically for navigating these challenging times.
After all, you’ve put the time, effort, and passion into building your business. You deserve to see it succeed in spite of the circumstances.
With that said, those of us at Smart Business Doctor have decided to shift our focus to providing more immediate solutions. Our primary goal of helping businesses become healthy and lean remains the same. However, we’re now working to address the most pressing issue: how to survive the economic downturn.
We’ve made sure that our team is equipped to provide our clients with the support and guidance they need to protect their businesses and emerge from this crisis even stronger than before. In addition to offering financial advice, we’re working with small business owners to take advantage of the various funding opportunities that are available. Smart Business Doctor has even been given “preferred” status with our lenders, allowing our clients to be placed at the top of the queue for SBA loans.
Of course, there are several areas that require further attention during this time, which is why we’re concentrating on aiding clients in the following:
- Mitigating risk
- Managing cash flow
- Identifying alternative sources of revenue
- Addressing issues in supply chain
- Analyzing debt structure
- Engineering profitability
- Making adjustments to staff
- Adjusting marketing strategy
- Protecting existing assets
- Examining pricing structure
- Identifying opportunities to pivot
- Adjusting business plan
- Determining prioritization of payables
- Reopening safely, and observing protocols
Ultimately, the Smart Business Doctor team is putting greater effort into working with small business owners to plan for a recession, which serves them in the long run.
This may be a period of uncertainty, but it’s also one of opportunity. Businesses that work on improving their health and preparing for economic hardship can look forward to greater growth and success.
Our business analysis experts are here to assist you every step of the way—to provide you with valuable advice on navigating the marketplace and making necessary changes to your business.
To learn more about how our team can help your business not only survive but also thrive, give us a call at 800-616-7382 or request a free consultation.
Smart Business Doctor, LLC