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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?

 

[btaliat]

online marketing most especially , because most business are running the online marketing mode and they are getting more people to buy from them by the way , they have all the strategies and ways to persuade the customers

This is because we have close to half of the world population online. If there is effective usage of online marketing tools, there is no way we won't be making much if we sell our products online. We only need to target the right audience.

 

[Wisdom01]

The best way to recover after the pandemic is to reinvest in your business. Pandemic is a phenomenon that eat up the business. It's affected a lot of things. A lot of people cannot go out due to the fear of losing their life to a contagious disease now that the pandemic is over the owner of the business need to gather the money together again and invest into so many things that he'll be able to do many things.

the pandemic is a phenomena ,some business that were unable to survive actually collapsed because of the pandemic , like the pandemic was really a big worry for some business men ,most of the business men suffered during the era of the pandemic

 

[btaliat]

Because there are many businesses that failed during the pandemic, some organisations, especially the Non-governmental Organisations came to the aid of most businesses by helping them with some money to restart their businesses.

 

[Ben Kempton]

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.

Well, I think that the recovery of a business depends on how much bad debt a company has. many companies were never anticipating the fall of the market during that time. Some companies also limited the supply of the products in order to level up with the demand of the products. They had to take this decision in order to save the company from bankruptcy.

 

[Richee84]

Because there are many businesses that failed during the pandemic, some organisations, especially the Non-governmental Organisations came to the aid of most businesses by helping them with some money to restart their businesses.

Yea, some non governmental organization gave put palliative to some small scale business to help them recover back. Government in some country also roll out palliative to some business and reduce their tax for that period to enable them stable I'm the business.

 

[Richee84]

the pandemic is a phenomena ,some business that were unable to survive actually collapsed because of the pandemic , like the pandemic was really a big worry for some business men ,most of the business men suffered during the era of the pandemic

Almost all the business were affected during the pandemic period which lead to the collapsed of many of them today. Some of the were given palliative from government or philanthropist to help them bounce back into business. Some have to layoff some staffs to reduce their cost.

 

[Richee84]

This is because we have close to half of the world population online. If there is effective usage of online marketing tools, there is no way we won't be making much if we sell our products online. We only need to target the right audience.

Online marketing remain the best way to advertise our products and services to the world. The online marketing will really help to push our products and services to the lime light which will help the business to bounce back and recover quickly after the pandemic.

 

[Richee84]

No one envisage the coming of Corona virus. It met the world as a shock. That's the reason that up till now, its origin and how it started has not really being proven. What we have is the blame game between countries just because none of them was ready to take the blame.

If only we were aware ever envisage the coming of corona virus then the world would have prepare for it and it wouldn't be a shock to the whole world. The blame game will actually not solve the problem but they world should unite and find a common solutions to it.

 

[Richee84]

online marketing is broad ,some people really hope they knew it from time start , because definitely it would been their major vocal point to earn more and get more customers ,these are actually what some would have done I think tho

The pandemic affected the offline business the most and this indeed make some of them to adopt or change to the using of online marketing strategy. Most business now have combine both the offline way of selling and the online way of selling to improve their market base after the pandemic.

 

[btaliat]

Yea, some non governmental organization gave put palliative to some small scale business to help them recover back. Government in some country also roll out palliative to some business and reduce their tax for that period to enable them stable I'm the business.

If there was no tax reduction during that period, I wonder how some businesses would have survived. It was very obvious then that most businesses were not capable of paying taxes to keep the business in operation.

 

[Richee84]

The best way to recover after the pandemic is to reinvest in your business. Pandemic is a phenomenon that eat up the business. It's affected a lot of things. A lot of people cannot go out due to the fear of losing their life to a contagious disease now that the pandemic is over the owner of the business need to gather the money together again and invest into so many things that he'll be able to do many things.

Business owners loss a lot of money during the pandemic period, this also lead to the closure of so many business as there was no enough fund to manage the business again. So many of this business owners don't have enough fund to reinvest back into the business again.

 

[Richee84]

If there was no tax reduction during that period, I wonder how some businesses would have survived. It was very obvious then that most businesses were not capable of paying taxes to keep the business in operation.

Some sensible government had no choice than to waive tax from most business for them to survive. The tax reduction was an act of encouragement to the business owner cause there is no way most of them can survive after the pandemic with any government support.

 

[Richee84]

Exactly most of them are now happy and even thinking how sweet would it have been if they had known online marketing. Even I myself think of such when I make good sales on my business.

One of the major effect of the pandemic was that it open way for online marketing and business to thrive. The use of online marketing to sell our products has been a very good channel to use, online business become so important to most offline business to survive.

 

[Richee84]

Virtual sales and online marketing together with home delivery are some of the plans that most companies have adopted after the pandemic and the truth be told, some of these strategies are really working.

The pandemic actually change the narration of sales and marketing. Most offline business could not survive during the pandemic due to the nature of their business, but they have include the online method of selling and marketing their products and services.

 

[Richee84]

One method they would recover , is by settings a plan on the way forward in the process of building the business , focusing more on the business development than anything else ,that should be their priority before anything else , I think they should also look for better promotional strategies to develop the business forward

For those that have the fund to invest in promotion, it is a very good way to entice customers back and it will help the business to bounce back on time. Giving out promo is a very good way to recover back but it is also an expensive way of approach which not all business owner can do it after the pandemic.

 

[Richee84]

To be honest, not all businesses can recover after a pandemic. In fact the last pandemic recorded closure of many businesses. It is only business that has some reserved money or the one that government helped that were able to succeeded again.

That is very true, not all business will actually recover back after the pandemic. Some will be luck or fortunate to get grant from philanthropist and some will get government palliative, but it is very certain that not all of them will get those grant and palliative and it will be difficult for those that didn't get to survive.

 

[Richee84]

I guess the effects of the pandemic might have allowed many people to see the good side of insurance company. Aside this, many business owners have now started having some reserved money for their businesses. This has made prepared for the aftermath of any pandemic.

It is so sad that some people don't actually know the value of insurance company, some people only see the bad side of insurance and their thought is always if nothing happen they will loose their money forgetting the fact that if the unforseen circumstances happen the insurance policy will cover them.

 

[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.

For so many business that could not get government palliative they have no choice than to opt for loan from financial institutions or their cooperative. The interest rate from the commercial banks was so high as they see that as an advantage to make profit since the demand for loan was high.

 

[Richee84]

The pandemic have actually force most of the offline business to make use of the online strategy to sell and market their goods and services. Most business owner discover that the online business still thrive and the impact of the lockdown was not much on it compare to offline business.

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 .

 

[Richee84]

A good example of insensitive government is Nigeria government.

Yea that is one of the major challenges most African countries are facing. Most government from European countries and America gave out palliative to their citizens and gave support to help them recover quickly from the pandemic which also help to stabilize their economy.