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How to Position Your Business for Growth Post-Pandemic

June 17, 2021
2 min read
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s vaccination rates increase and social distancing restrictions are, a greater number of businesses have reopened and are operating closer to pre-pandemic conditions. However, that the events of the past year will have a lasting impact. This means business owners will need to adapt to the 鈥渘ew normal鈥濃攂ut how can they ensure continued growth post-pandemic? 聽Learn the key traits businesses need to thrive鈥攁nd not just survive鈥攁s we begin to come out of the COVID-19 pandemic.

Stay agile in post-pandemic culture.

The pandemic forced businesses to change the way they operate, from enabling their employees to work from home to pivoting to a different business model (e.g., relying on e-commerce). As a result, many small businesses have discovered new revenue streams and gone through organizational restructuring. Being flexible and able to implement change quickly will remain a valuable asset.

Utilize social media marketing.

Consumers are not only spending but also making more frequent purchases through paid advertising on Facebook and Instagram.[3] Overall, they have become more comfortable shopping online and more likely to make an impulse buy via social media because of convenience. Make sure you鈥檙e marketing to potential customers where they鈥檙e spending more time on social media.

Take advantage of digital technology.

From customer relationship management (CRM) systems to e-commerce platforms to accounting software, online business tools have become easier to find, use, and afford鈥攅ven for a solopreneur. What鈥檚 more, the data they yield can help you track your marketing return on investment (ROI) and forecast sales and business growth.

Invest in the safety of your customers and employees.

As Coronavirus restrictions are gradually lifted, it鈥檚 important to maintain safety protocols that put the health of your customers and employees first鈥攅specially during face-to-face transactions. Be proactive in addressing your customers鈥 and employees鈥 concerns. Keep them informed of the precautions you鈥檙e taking to keep them safe and whether those precautions will become a permanent part of the way you do business.

Focus on post-pandemic customer values.

While due to recent legislation and future relief packages, the past year鈥檚 events will have a lasting effect on consumer behavior.[4] Shoppers not only seek value for the money they spend, they also prefer to spend it with businesses that reflect their personal values and beliefs鈥攑articularly when it comes to health and sustainability. Make sure your customers are aware of how your business鈥檚 values match their own. 聽 聽Looking for a checking account that can give your business an edge? Get started with 海角爆料.

Written by: Sarah Li-Cain
海角爆料 is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC.