Around 20% of all small businesses fail within their first year of operation. Is it because they were just bad at it? Or made poor choices? Or incurred the wrath of a divine power?
No! The truth is, the challenges for businesses at every level of operation are enormous, and they can destroy your company in short order if you’re not prepared to meet them head-on.
So, that being said, here’s our handy-dandy guide to everything you need to know to overcome the business challenges you will face no matter the size of your company.
Coping With COVID-19
The biggest challenge facing every company on Earth right now is definitely the pandemic. Whether you’re a multi-trillion dollar tech behemoth or a tiny mom-and-pop, COVID has radically reshaped the way you do business.
So how do you overcome the demands of a global pandemic?
Of course, if your business can just about manage to do its work from home, that’s a great solution. In fact, it’s a solution that thousands of businesses have already done. But what if you absolutely need to get people into a physical space?
In that instance, it’s time to start looking up some comprehensive guides to making your workplace COVID-safe. That means all the usual stuff about sanitizer stations, social distancing, and all that stuff you might already be familiar with, but it also means stuff like COVID-compliant office furniture and ways to manage the flow of ‘traffic’ (both staff and customer) through your workspaces.
So don’t delay, make sure you read up on bracing your business for COVID right away.
Even before the pandemic, the business challenges of shifting over to completely digital workflows was a key driver of business failure. You almost need to hire on an entirely new and separate division of your company — an IT division — to really solve the issue. But what if you can’t afford that kind of expense.
Firstly, look for a set of off-the-shelf software solutions that can be adapted to fit the needs of your business. The great thing about the 21st century is that very smart people have made apps to handle just about every use case under the sun. You can often delve into the review sites and find a versatile and affordable software suite that you can deploy instantly to meet the needs of your company.
Second is security. Any well-reviewed software is going to have decent security as a mainstay feature. But how do you recover from a disastrous data loss? We don’t have time in this article, but you can learn more about it here.
Challenges for Businesses Can Be Overcome
And that concludes our brief but handy guide to overcoming challenges for businesses in 2022. Whether you’re a corporate Goliath or a tiny startup, there are tips in here to help you.
So get out there and get growing!
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