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business planning

business planningContributed by Alexis Maness, contributing editor at 365businesstips.com.

Nearly 100,000 businesses have permanently closed due to COVID-19. And with no end in sight for returning to business as usual, that number can be intimidating to anyone who’s considering opening their own business or entrepreneurs hoping to survive the next year.

If there’s one thing that the COVID-19 pandemic has taught us, it’s that you can’t predict the future but a little preparation can go a long way. 

So, what do you need to include in your business plan in order to make it pandemic proof? We’ll cover the essentials in this post, but first, here are some key elements you need to keep in mind when creating your business plan. The most important characteristics of a good business plan include:

Flexibility
Practicality
Clear definitions
Actionable items
Well-researched

Make a plan for transitioning to remote

One of the biggest hurdles businesses have had to address is moving their business operations from in-office to remote. While some industries (like tech-based businesses) have been able to adapt fairly easily, others have struggled.

When you assess your business or your startup idea, ask yourself how you can plan to go virtual. Consider safety measures and employee health. Your team should remain just as effective working remotely as they would working in the office—with the exception of a few industries such as restaurants and certain stores.

So, how do you make certain that’s the case moving fo… Read More

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