What advice do you have for business owners who have had to change their business dramatically?

Answered by:

Steve Tucker

Highly recommended
Adelphoi Labs
278 Questions answered
Answered on December 29th, 2020

Develop a strategy!

I work alongside business owners, chambers of commerce, community EDC's and others who are all having to determine what's next for their business, their members, customers and so on.

It is clear that many of them get caught up in the "doom and gloom" based on this new environment and the constant negativity promoted by the media, social and other "news" sources. The truth is, people are still buying, still need services and are still looking for value.

The pandemic, the election, the lockdowns, the season, the media, loss of revenue and everything else we are all going through can easily send a business owner into a mindset of panic and "shiny object survival syndrome".

On the other hand, I see business owners who have learned how to change their mindset, focus on the basics and overcome much of what has impacted their businesses so negatively.

It may be time to pivot or discover new ways to provide value. The one thing I know for sure is that it is absolutely time to learn from this and not panic. It is very difficult to be a critical thinker if one is in a panicked state of mind.

When a business owner is faced with a loss of revenue, layoffs, inability to cover expenses...it is almost natural to panic and begin searching for that "magic bullet" that will make all the difference. Often, a business owner may begin experimenting or spending more time online searching for solutions during a time when they should be focused on the basics of strategy and not just tactics.

Most business owners focus on marketing tactics alone to increase lead generation. I.e. Social Media ads, posting incessantly, discounting, postcards, flyers and so on. These tactics can work but only when there is a proven, effective strategy behind them.

Don't give up...change your mindset...take a breath and be an overcomer!

I am always available for some free training!


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