Gather the analysis from the past few weeks and perform a risk assessment
Posted: Sun Apr 20, 2025 5:02 am
During a crisis, you have to be open to trying new things that you wouldn't otherwise consider. This could mean trying a business pivot: a product mix, turning your product into a service, or turning your service into a product.
For example, JL Kraft began selling cheese wholesale to local merchants. It decided to pivot and try another line of business. The result was the successful creation of Kraft Foods.
Observe your strengths
Talk to your customers.
Perhaps some of your customers are already using your product bc data thailand or service in ways you hadn't planned. These insights can help you expand in a new direction.
What you should do in the long term
You can't let your guard down. The crisis is evolving, and you must keep working. Always review and adjust your sales strategies for the best and worst-case scenarios.
When the crisis is over, you can focus on rebuilding your business with your team.
Record the decisions you make during the recession, and the impact they have on each area of your business.
Examine your resources, operations, income, and liabilities to determine what temporary changes you should maintain long-term. For example, you might want to continue selling online and working remotely. Also, determine what needs to return to pre-crisis functioning.
For example, JL Kraft began selling cheese wholesale to local merchants. It decided to pivot and try another line of business. The result was the successful creation of Kraft Foods.
Observe your strengths
Talk to your customers.
Perhaps some of your customers are already using your product bc data thailand or service in ways you hadn't planned. These insights can help you expand in a new direction.
What you should do in the long term
You can't let your guard down. The crisis is evolving, and you must keep working. Always review and adjust your sales strategies for the best and worst-case scenarios.
When the crisis is over, you can focus on rebuilding your business with your team.
Record the decisions you make during the recession, and the impact they have on each area of your business.
Examine your resources, operations, income, and liabilities to determine what temporary changes you should maintain long-term. For example, you might want to continue selling online and working remotely. Also, determine what needs to return to pre-crisis functioning.