Will your plans, strategies, and pursuits change as the economy starts to reboot – post-shutdown? Depending upon the industry, some businesses have lost between one and a half to two months’ worth of income since March.
Depending upon the overhead, you can see why certain businesses will not be reopening their doors. The profit margins are just too small to compensate for that kind of loss.
On the other, some businesses have secured loans – which is in some ways, kicking the can down the road. It’s sort of like surviving today in order to fight tomorrow. One way or another, the loans will have to be repaid or the day of reckoning will be back somewhere down the line.
Will the economy bounce back? Will you have to adjust your business offerings and strategies?
That and more in today’s podcast!
