5 Tips for Getting Back to Business As Society Reopens

Collaborative post – may contain affiliate links

If you’ve managed to keep your business afloat throughout the lockdown, then it must be great news to hear that things are easing up and you can finally start earning. The thing is that the coast is not clear just yet. Even though your business is reopening, it might still need to operate on survival mode for the first couple of months. To help you navigate your way through the rough waters ahead, here are five tips to get you on the right path to reopening your business.

  1. Go over your finances

The first thing you would want to do when reopening your business is to go over your finances. Your business may have been closed down for the last couple of months, and if this is the case, you probably didn’t rake in that much. Going over your finances may involve doing some AR management, cost evaluation, and financial projections for the coming months. 

Once you do this, you can then decide how to move forward. Keep in mind that this might equally involve cutting down costs just so you can keep your business afloat for the first couple of months after reopening. 

  1. Re-hire your employees

If shutting down your business caused you to lay off your employees, this is a great time to bring your strong team back. No one is saying this will be particularly easy to do, as employees who have been laid off quite recently are entitled to unemployment benefits as well as some additional cash from the government. 

For that reason, they may not be too keen on returning to work, especially if they are concerned about how safe it is to work in the midst of a pandemic. One way to lure them in is by leveraging their health insurance. 

  1. Prepare your workplace

As mentioned above, one reason most employees might be hesitant to come back to work is that they are worried about their health and safety in the workplace. While reopening your business, it’s your responsibility to make sure that your employees feel safe coming back to work. 

The CDC recommends a distance of at least 6-feet between individuals, so you should consider restructuring your office space to adhere to this. Also, providing face masks, hand sanitizers and a designated area for washing hands can make your office feel like a safer environment to work in. 

  1. Go over your current business model 

This might be the very last thing that you want to do, but it is one of the major things that can keep your business afloat when it opens again. While going over your current business model, you need to ask yourself some important questions like “is this current business model profitable considering the current business environment?” 

Think about the products/services you sell, who your target market is, and how you deliver these products/services to your consumers. Can all these aspects of your business model rake in gains the way they are? Asking yourself questions like this can help you restructure your model in a way that will allow your business to adapt accordingly. 

  1. Take advantage of government funds and help from the community

The government has provided different funding programs and resources for businesses such as the Paycheck Protection Program to help them in their time of need. Also, in a lot of communities, landlords and local vendors are offering their help to businesses by either easing rent or reducing the cost of materials. 

Do some research on what your local community is doing to help restore businesses, as well as some of the options you have when it comes to government funding. Take advantage of these resources to help you get your company back on its feet.

How Do Millennials Build Communities?

Collaborative post – may contain affiliate links

The world seems to be becoming more and more fragmented. For all that the internet has allowed people even greater access to each other, this has lead to many small groups being formed rather than one large one. It’s ironic that while many people are part of several online communities, they don’t even say hi to their neighbors.

But this doesn’t mean that millennials are necessarily bad at forming communities. In fact, the opposite is true. Interconnectivity means that millennials are perfectly capable of finding people and bonding with them whether this is a small group with a niche interest or literally millions of people around the world with a common goal.

Bringing a Building Together

We often lament the loss of local community spirit but the truth is that millennials are just as capable of meeting their neighbors as anyone else. They just tend to go about it in a different way. While saying hi to a stranger in the corridor might feel a bit odd to a millennial, joining a Facebook group for the building and getting to know people that way is quite popular.

Facebook groups for neighbors and communities are great spaces to share ideas for improving the building (as can be found here) and get to know each other better. You can also set up events and fundraise for various projects such as planters for communal areas. As people get used to seeing each other online, they are much more likely to talk to each other in person. This might seem backwards but hey, that’s the digital age for you.

Forming Social Groups

Millennials are all about forming social groups though they don’t go about it in the same way that previous generations have. For example, the local church is mostly out while fitness classes are very much in. Rather than bonding with the people immediately around them, millennials are much more likely to travel to find others who share the same interests.

Building a community this way is great as it is clearly contributing to the fitness of a whole generation. However, this kind of group only works if it gets people out of their homes and doing something active. Social media is a great platform for getting things set up, but millennials show that they still need to meet real people too.

Tackling Issues at Home

Unlike generations before them, millennials are having to deal with significant social and environmental issues. Though society may seem fragmented, the gravity of environmental and climate change is bringing more and more people together and protests around the world were lead by this generation. And it’s not just millennials. Young people are reaching out to older generations to help them tackle social issues too.

Though their communities don’t look the same as previous generations, millennials show that community spirit is still alive and well in the 21st century. Rather than having a single local community, millennials are building multiple communities for themselves on a micro and macro scale.