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[Ben Kempton]

The pandemic is almost over in most of the countries and the restrictions that were involving pandemic have been removed. This means that now many businesses have the real chances of recovering from the financial issues and losses that were haunting them during the pandemic period. In the year 2020, strict lock down was imposed in many different countries. This made many businesses lose their financial strength and they were shut down. Even many big companies also went bankrupt in the process. So, how can such companies or businesses recover now? What are some of the ideas to recover?

 

[Xrin Nightfall]

During the COVID-19 pandemic, a large number of owners of small businesses have been working tirelessly around the clock to rethink their companies. They have tried to keep their doors wide open while ensuring the safety of their staff and customers, all while navigating a variety of personal and professional problems. They have gone to tremendous lengths and incurred a great deal of expenditure in their efforts to keep their businesses viable. Their resiliency and persistence amaze me to a greater extent than it ever has before.

 

[magnus2022]

It will not be easy especially in countries where government is so unconcerned about micro businesses. In some right thinking society, government suppose to give small businesses palliatives to empower them to start up again. Individually, there is need to do a review about what need urgent attention. If is fund to start, then loan can help.

 

[Ben Kempton]

During the COVID-19 pandemic, a large number of owners of small businesses have been working tirelessly around the clock to rethink their companies. They have tried to keep their doors wide open while ensuring the safety of their staff and customers, all while navigating a variety of personal and professional problems. They have gone to tremendous lengths and incurred a great deal of expenditure in their efforts to keep their businesses viable. Their resiliency and persistence amaze me to a greater extent than it ever has before.

Majority of the businesses had no option but to make their employees let go and seek work somewhere else. This is due to the fact that those companies never prepared for the pandemic and we can face such kind of problem once again if we do not prepare for the future because pandemic could strike back at any time.

 

[Xrin Nightfall]

Majority of the businesses had no option but to make their employees let go and seek work somewhere else. This is due to the fact that those companies never prepared for the pandemic and we can face such kind of problem once again if we do not prepare for the future because pandemic could strike back at any time.

Mark Zuckerberg, the CEO of Meta, informed employees on Wednesday that the company will be cutting off 13% of its workforce, which equates to more than 11,000 workers.

Late in the month of October, Meta offered lukewarm advice for its future earnings in the fourth quarter, which frightened investors and caused the company's shares to drop by about 20%. I think another disaster is coming on 2023 and the effect we already seeing right now.

 

[Horia_10]

The best way to recover a business is to do advertising right after the pandemic and offers some great discount deals so that people who have dropped buying from the business can come back with more trust and can purchase even further items this way the businesses can come back on track in a easy and smooth manner indeed .

 

[poorboy]

There are some ways that are really working such as;

1. Promoting some offers
2. Giveawas and % off
3. Advertisements
4. Not profiting much but holding the customers
5. EMI systems

 

[btaliat]

The pandemic no doubt really affected some businesses. However, there are many strategies that such a business may adopt to ensure that there is recovery. Among them is to make the business has a touch of online presence because it seems the pandemic didn't do much to online businesses.

 

[Ben Kempton]

The pandemic no doubt really affected some businesses. However, there are many strategies that such a business may adopt to ensure that there is recovery. Among them is to make the business has a touch of online presence because it seems the pandemic didn't do much to online businesses.

I think that the only best way to recover from the pandemic is to prepare for it before it hits. This is because many people believe that prevention is much better than cure. This also goes true in case of business and commerce as well. The 2008 world wide crisis taught us a good lesson, unfortunately, many people never learnt anything from the past.

 

[Deyiang]

Well, covid 19 has destroyed a lot of businesses. Some business owners are still struggling to revive their business.

Though this has really thought a lot of people lesson that I is not advisable to depend on one source of income.

Today some countries their government have been trying to assist those that own business during that time to revive though this may be favourable to only selected people.

Some countries has been granting their citizen access to credit facilities.

Well if any one that lose his or her business during the covid 19 can still borrow from friends and family to start it all over again

 

[Richee84]

The pandemic really affect a lot of businesses to the extend that some of them had to fold up. Coming back the pandemic period will not be that easy. I know of some countries who the government decide to render some kind of financial assistance to those company to help them recover.

 

[Richee84]

The pandemic no doubt really affected some businesses. However, there are many strategies that such a business may adopt to ensure that there is recovery. Among them is to make the business has a touch of online presence because it seems the pandemic didn't do much to online businesses.

I believe after what happen during the pandemic period, a lot of business owner has learn their lesson. They have all adopted the online platform as a good platform to reach out to people and sell their products or service. All business now need to online to expand.

 

[Richee84]

Most of the businesses will need good capital to fund back their business and to also enable them carry out advertisement and promotion. For those business that have good capital on ground to fund the business, it will be easy for them to bounce back after the pandemic.

 

[Richee84]

It will not be easy especially in countries where government is so unconcerned about micro businesses. In some right thinking society, government suppose to give small businesses palliatives to empower them to start up again. Individually, there is need to do a review about what need urgent attention. If is fund to start, then loan can help.

Yes you are very correct, some government give out palliative to support business owner to help them recover back from the pandemic. Some country could not give any support due to the fact that their government is not financially buoyant or been insensitive to their people.

 

[magnus2022]

Yes you are very correct, some government give out palliative to support business owner to help them recover back from the pandemic. Some country could not give any support due to the fact that their government is not financially buoyant or been insensitive to their people.

A good example of insensitive government is Nigeria government.

 

[Franca01]

The best way to recover a business is to do advertising right after the pandemic and offers some great discount deals so that people who have dropped buying from the business can come back with more trust and can purchase even further items this way the businesses can come back on track in a easy and smooth manner indeed .

yeah, i think what you said can actually help you to get your customers back. Actually, making your advertisement should be based on the quality of the product and also , your communication level should be convince and understandable . People may get attracted due to the way you did the communication.

 

[Omotunde]

A business without an online presence will definitely die during the pandemic because it will not survive . The pandemic sounds a great warnings to big companies that have not established an online presence for their business . It is quite important and mandatory for them to do such in case of unforeseen occurrences like the pandemic.

 

[Horia_10]

That's right an online presence is must for any business and the companies that have an online setup now , In case the pandemic comes back they will be good in their business from the first time indeed. So that is why online presence is must to have growth of your company .

 

[Walker42]

The way consumers act has probably altered for the better, even though economic activity is returning to normal or close to it in most locations. Depending on your company's location, industry, target market, and other considerations, the effect this will have on it will be different. Spend some time throughout the recovery period analyzing how your customers' and company's circumstances have changed, then modify your business plan to take advantage of any new chances.

 

[Omotunde]

The way consumers act has probably altered for the better, even though economic activity is returning to normal or close to it in most locations. Depending on your company's location, industry, target market, and other considerations, the effect this will have on it will be different. Spend some time throughout the recovery period analyzing how your customers' and company's circumstances have changed, then modify your business plan to take advantage of any new chances.

The pandemic as taught consumers and manufacturers to act differently in terms of their financial life . The approach and manners at which business are being carried out has taken a new turn totally and all activities are geared towards ensuring sustainability. The Foundation and the pivotal point of such approach is digitalization.