Now that businesses can open again, albeit with limited capacity, you’re probably more than ready to get back to work. With months of pandemic conditions to make up for, success is critical. But many small business owners in Michigan are finding that they aren’t getting the results they hoped for, and are wondering things like:
- Are the plans we made before the pandemic out of date now?
- Why is our recovery taking longer than expected?
- Why do my employees seem anxious or unmotivated?
Whether you’re facing a disrupted supply chain, revenue loss, process changes, or the challenge of a shifting workforce, finding and implementing the right solutions for your business can mean the difference between moving forward successfully or shutting off the lights forever.
Fortune recently reported nearly 100,000 small businesses closed their doors by September of the pandemic year. Now, as business begins to recover, those remaining have an opportunity to fill the gaps if they can successfully navigate the post-pandemic landscape. But the path forward won’t be easy.
After the recession in 2008, it took small businesses an average of six years to recover, according to McKinsey & Company. Recovery in 2021 comes with the added burden of adapting to pandemic-specific challenges. The massive move to digital business in response to the pandemic has fundamentally changed the way we do business. What does that mean for your business? The answer might not be clear, but two things are clear:
- Many businesses can’t afford a six-year recovery, and
- Business owners need a strategic pathway forward from the pandemic.
If you’re wondering how you’re going to do it, you’re not alone. Small businesses across Michigan are struggling to recover. For many it’s not as easy as hanging out the “Open” sign again. The pandemic changed the way Americans do business – digital technology has become the norm in everything from restaurant ordering, to product sales, to healthcare delivery. Recovery might mean optimizing your office space, adding digital commerce, or delivering your services in new ways. In any case, your business will need to adapt to accommodate new business models.
The sudden onset of the pandemic and the resulting pivot to digital business left little time for planning. And that can have a big impact on your business. The smallest missed step or forgotten detail can have a snowball effect, leading to issues like:
- Quality issues
- Supply chain delays
- Falling revenue
And, for business owners, that feeling that you’re spread too thin trying to hold everything together.
Can you afford a business coach?
A business coach might not be the first thing that comes to mind when you’re worried about your bottom line. But the truth is, by the time you notice issues like employee turnover or falling revenue, your business already has a deeper issue. The problems you see are often only the tip of the iceberg.
An AdviCoach is a friend, a mentor, and an innovator
Wouldn’t it help to sit down and talk things over with an experienced business professional who can give you a fresh perspective?
David Waymann is exactly that: an accomplished and experienced business professional who brings over 40 years of insight to the table. AdviCoaches help business owners prioritize their business needs, identify areas of improvement to support those needs, and lead their business to its greatest potential.
Call for a free coaching session
It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact AdviCoach Southeast Michigan through the website. In the post-pandemic business landscape, you can’t afford not to.