Categories
Blog

How to Reopen Your Small Business After the Coronavirus Shutdown

If your state or city has announced that it will allow businesses to reopen, it is essential to do so in a way that keeps your employees and customers safe.

America is slowly starting to reopen, and after weeks of suffering COVID-19 related business closures, many small entrepreneurs are eager to return to normal. If your state or city has announced that it will allow businesses to reopen, it is essential to do so in a way that keeps your employees and customers safe.
Our reopening plan checklist will ensure that you take into account all relevant factors to develop a well-thought-out plan and includes resources to help you.

Even if reopening isn’t expected for a few weeks or months, it’s a good idea to start developing a reopening plan now. This plan will give you time to find out what your customers expect when your business reopens, to talk to your employees about reopening, and to set up supply chains to keep your business running smoothly after opening.

Whether or not to reopen your business as soon as COVID-19 closures are lifted is a choice only you can make. When making your decision, take into account the guidelines of the federal government, the state and the local health authorities, as well as your company’s finances.
There are several factors you should consider when developing your business reopening plan:

How your business model needs to change to remain competitive
What types of sales are needed to break even and when you can expect to return to profitability?
Wherever you have access to financing, it may be necessary to adjust or adapt your business afterwards.
How do you maintain a safe environment for everyone entering your location?
Any adjustments your employees need to make to get back to work.
How can customers feel comfortable doing business with you?
How to bring your reopening to the market to build awareness and demand

There’s a lot to think about when reopening your business after the coronavirus closes. To get advice on your company’s reopening plan, do our questionnaire to find more specific information for your business.