24 Sep 2020, 17:11 — 6 min read
The new normal requires a new mindset and a shift of perspective. How you usually operate or manage your business may no longer work anymore. But this shouldn’t limit you to achieve maximum business growth.
While these unprecedented challenges may look like a setback at a glance, looking at it with a different lens can unlock opportunities where you can adapt and thrive.
Below are some essential components you need to secure in order to thrive in the new normal.
As you navigate the new normal, we cannot stress enough the importance of building a strong and agile team. When we say agile, it means that your team is adaptive, responsive, and determined to accomplish goals or milestones, even in the midst of challenging environments or situations.
A few tips to building an agile team:
The new normal gives you the time to revisit your business processes. In order to grow your business, you need to learn how to automate or streamline your internal and external processes.
Truth be told, manual processes are laborious and it takes so much time which can be costly for your business. Imagine, replying to the inquiries of your customers one by one. What if you have over a hundred of inquiries? Maximizing a chatbot or creating automated response can help you save time.
Another example is having your online store. If you don’t have an online store yet, you have to deal with an end-to-end manual process — from answering customers’ inquiries, confirming orders, checking out payment, to setting up deliveries. With an eStore, you can automate and streamline these processes, allowing you to save time which you can use to do other important tasks.
If you don’t have an online store yet, you can create an online store for free here on UnionBank GlobalLinker.
There are other technologies that you can incorporate to your business like the following:
Growing your business doesn’t only involve people and processes but it also involves capital. You need a significant amount of growth capital in order to scale your business.
When we say growth capital, it is intended for your business growth. For example, you need investment in order to develop and launch a new product. Working capital, on the other hand, is the money you need to pay your operational expenses like inventory purchases and payroll. You need working capital to meet the basic needs of your business and pay your bills to get your venture going; whereas, you need a growth capital in order to take your business to the next level.
If you need to boost your capital, you can find fast and hassle-free business loans on SeekCap to meet your company’s growing needs. With SeekCap, you can choose from a wide range of loan products from different established lending companies like Esquire Financing Inc.
SeekCap only requires minimal documentation where loan decision is released within hours of applying and disbursement comes within three days of application.
These are the three key things you need to secure in order to achieve maximum business growth. With the changing business landscape, it’s essential that you learn to adapt quickly. Withstanding the setbacks and surviving these unprecedented times will help you emerge stronger now more than ever.
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12 Oct 2020, 15:03