It is quite common to have such a question as “How to Recover The Business, In Lockdown.” Here is the answer to your question. It may help you to recover from the coronavirus attack on your business. So, let’s break the legacy of COVID-19 effect.
“Let’s Do It – Let’s Get It“
Motivational Quotes
This 5R technique may help to recover the business in the lockdown.
1. Realize
Let’s realize first that we have a lot of time to think about our business & spend time on understanding what is wrong in the business. So, answer all the self-evaluation based questions precisely without any excuses.
- What are the products in our pipeline?
- Which products are not performing well?
- Whether our product will perform well after lockdown?
2. Reengineering
Let’s look at the new way & make a road map to the business. Note it down what we always wanted to do but couldn’t able to do for whatsoever reason. Now it’s time to work on it. So, not only work-out a proper plan but also devise the steps to implement it along with a backup plan for down the line of 5 to 10 years with a long-term vision-oriented. For instance, Plan-A, Plan-B, Plan-C, etc. Therefore, this is the right time to work on re-engineering our deliverables with proper plan & steps to satisfy the customer needs.
3. Reconsider
Let’s understand that the lockdown is the best time to learn new things, nourish our technical & non-technical skills, update & upgrade ourselves and train our employees. This will take the business to the next level far beyond our expectation. Let’s reconsider & utilize the time to train & shine ourselves and also our employees. Since employees are the key resources of our business which in turn helps our business to grow.
4. Revisit
Let’s accept the fact there are solid reasons and ample amount of time to focus & arrive at the answers for unresolved customer complaints and strengthen our policies on Customer Relationship Management (CRM). The customer is the important key stakeholder who is the reason for our survival & he deserves the worship. Hence, revisit the customer problems & their expectations. Let’s bridge the gap now between our deliverable & their expectation without any excuses.
5. Revive
Let’s be alert that the post-lockdown time is very precious for us to revive our profits and to cover the loss incurred during the lockdown. One can face only what he is actually prepared for. Go ready to face & chase the success indeed. No one can stop us in this world except ourselves. Let’s do it, crack it & steal it.
Therefore, Aim At — Hashtag #CrackCOVID19Effect
Hope we all will serve the best!
Let our endeavours pay off!!
Good Luck
Our Support
We being Business Advisors, are always with you throughout your business lifecycle. Now it is important that the businesses shall stay mentally & morally strong to go beyond our past results & nullify the effect of COVID-19!
LPC Services always supports you to fulfil your business requirements!!
We are always at your service!!!