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One of the things that was noticed since COVID arrived was that small businesses have been faced with challenges that have been unprecedented. There are more small businesses now than ever because COVID did have a positive impact in that more people believed that they could open their own business from home.
The problem is that with COVID, the challenges include border closures, restrictions and lockdowns, and subsequent disruption. And even though COVID was almost five years ago, it's still having a ripple effect on businesses today. As a new small business out there, you want to be able to have as much success as possible, and while there have been some curveballs, some small businesses are in a better position than they ever would have been to be able to adapt and thrive. Let's take a look at some easy tips for small business success so that your new small business can make waves in a positive way.
If your business is small and you're the only person working within it and running it, then you know that working with suppliers is going to be really important for you. Whether you are working with a supplier of pressure washing equipment to be able to expand on your one man band to two or three, or you're working with a supplier to help you with your product packaging, you need to make sure that you are working alongside them rather than working against them. And that means understanding how to manage people and relationships.
Limited worker availability is a problem post COVID because people are more than ever wanting to work from home. If your business is one that allows remote working then allow it. Not only will you save money with your overheads, but you'll be able to appeal to a wider range of talent. You need to look for as much and recruitment support as possible and attracting and retaining your staff can be easier to do going forward.
Manage your supply chain challenges. An easy tip for small businesses is to manage supply chain challenges. Whether you're a small retail store or you're an online e-commerce store, widespread global supply chain issues can affect your business, so you need to be smart about where you get your stock and your raw materials from. You have to be able to prepare for all outcomes. And while supply chains can continue to be disrupted by current global factors including political instability and climate change, there are also many positive developments to think about.
Learn to adapt to changing conditions. We just talked about political instability and climate change, and these are changing conditions that you as a small business owner have to learn to work with. COVID is one thing, but it's not as prevalent as it was a year or even two years ago. So you need to make sure that you are keeping an eye on the horizon and adapting as you need to.