How small businesses can survive the Coronavirus crisis

Aside from speaking to many great individuals and hearing about all the great stuff they’ve been doing, it would be remiss of us not to tap in to their extensive knowledge and use their advice for the greater good.

So that’s exactly what we did with Simon Paine; the CEO of Pop Up Business School.

Here are his five tips for helping a small business to survive during this pandemic.

1. Get your costs down

Protect the long-term viability of the business. Give yourself a longer cash runway to take some of the worry off for the upcoming months.

2. Get thinking

The best way to have a great idea, is to have lots of ideas. Use this time to explore a whole range of things you could or have always wanted to try. You don’t have to do all of them, but you might come across something brilliant.

3. Focus

It’s vital to know what you want to do and put your effort into it. Trying to do 10 things at once will rarely lead to great results.

4) Communicate

Reach out and have as many conversations as you can. It’s the quickest way to get yourself in a good space and if you don’t reach out, you’ll miss out on hidden opportunities.

5) Look after yourself

Keep your health and wellbeing at the top of the priority list. Get into a good daily routine with sleep, water, nutritional food and exercise. They are the building blocks of a successful day.

You can read the full interview with Simon Paine here: 'We had about £180,000 worth of business pretty much evaporate in two hours'

  • Facebook
  • Twitter
  • Instagram

©2020 by Peak.