Get Started Today!  (415) 295-4898

croom new

415 IT Blog

The Extreme Changes Businesses Have to Make to Survive COVID-19

The Extreme Changes Businesses Have to Make to Survive COVID-19

For the months that COVID-19 has been around, everyone has done all they can to hold on to their business. They have closed down, they have closed their offices and forced their employees to work from home, they have borrowed money and scaled back or eliminated their 2020 plans. It would be nice if all that sacrifice would pay off, but the frustrating reality is that there is going to be a lot of sustained discomfort for a lot of business owners. Let’s take a look at some things small business owners should consider as they reopen their businesses. 

Navigating the New Normal

Small businesses make up a large percentage of today’s functioning companies and employ a moderate amount of the workforce, so their importance to the economy is unquestioned. The problem facing many small businesses today is a lack of capital to meet the expenses their operations demanded before people started getting sick and the stay-at-home orders came down. There isn’t the demand, there are health questions, and ultimately, not enough money to go around.  

Most small businesses have already canceled their planned investments for the year. This alone has an effect on the whole economy. Vendors, who may or may not work for small businesses will feel the pinch. Recessionary business is not easy to navigate for anyone, but there are things you should do if you want to navigate the economic downturn.

Honest Assessment is the Key

The ability to take an honest look at where your business stands will be the most important factor to getting the help that you need. Familiarizing with your profit/loss statement and how it compares to 2019 should be your first step. Hard numbers may lack nuance, but they tell most of the story. Take a look at your business’ assets and the operational costs that go along with them. Unfortunately, big drops in revenues mean that you will ultimately have to take a long look at your human resources. When everything is on the table, the next steps will hopefully become clearer. 

After everything is laid out, assess the damage the pandemic has caused your business. Can you afford to sustain your business the way it was before the shut down? If so, good for you, your business is in the minority. In fact, according to the NFIC only five percent of small businesses have prospered during the pandemic. Apparently, they make masks, toilet paper, and hand sanitizer. 

Get the Help You Need

A big part of navigating this period for the small business is getting the help you need to stay afloat. Most governments have some sort of economic relief package in place for small businesses to utilize. In the US, the Cares Act has made several programs possible including the Paycheck Protection Program (PPP), which provides low-interest loans of up to $10 million to eligible businesses. If there is help to be had, it is a business owner’s responsibility to seek it out.

If your business doesn’t qualify for government assistance, it can be really difficult, and if you are initially denied funding, you need to keep looking. There are many places to get the help you’re going to need. Long nights are a part of owning a business, and today it’s important that you work on mitigating risks to your business’ future.

Use Automation to Your Advantage 

The worker’s “worst enemy,” automation can and probably will be a big part of your business for years to come. Your business probably already has the tools in place to be able to use automation in some way. When you automate some of the repetitive and menial tasks, your staff can focus on revenue-generating endeavors, improving productivity. The technology professionals at 415 IT can help you decide where automated tools best fit in. 

Your business is going to have to adjust and you are going to make some hard choices to get through the pandemic in one piece. If you want to talk to Bay Area IT experts about how technology can play a big role in the sustainability of your business, give us a call at (415) 295-4898.

Are You Wasting Money in the Cloud?
4 Tools that Every Small Business Should Use


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Monday, September 21 2020

Captcha Image

By accepting you will be accessing a service provided by a third-party external to

Mobile? Grab this Article

QR Code

Tag Cloud

Security Tip of the Week Productivity Technology Business Computing Best Practices Data Data Backup IT Support Network Security Privacy Hosted Solutions Cloud IT Services Efficiency Data Recovery Internet Email Software Business Managed IT Services Malware Outsourced IT Innovation Small Business Cybersecurity Google Collaboration Hackers Business Management Tech Term User Tips Cloud Computing Hardware Phishing Upgrade Windows 10 Business Continuity Microsoft Computer Smartphone Managed Service Mobile Devices VoIp Communication Mobile Device Workplace Tips Quick Tips Android Managed Service Provider Ransomware Backup Paperless Office Disaster Recovery Covid-19 Communications Smartphones Encryption Browser Server Saving Money Office 365 Business Technology Data Management Remote Work BDR Network Remote Monitoring Managed IT Wi-Fi Users Document Management Social Media Artificial Intelligence Windows 7 Vulnerability Internet of Things Passwords Healthcare Holiday Compliance Miscellaneous Microsoft Office Government Laptops Data Security Facebook Applications Blockchain Managed IT services Save Money Help Desk Chrome Antivirus Analytics Bandwidth Health Automation Project Management Information Two-factor Authentication Tip of the week Redundancy Scam Employer-Employee Relationship Virtualization Office Vendor Management Processor Avoiding Downtime Files Access Control Employee-Employer Relationship Customer Relationship Management Mobile Office Virtual Private Network Windows IoT Regulations Apps Hard Drive BYOD RMM Router Storage Data Loss Training Proactive OneDrive Meetings Infrastructure Mobility Maintenance Machine Learning VPN Software as a Service Website IT Management Gadgets Company Culture Computing Network Management Consultation File Management Managed Services Provider Management Remote Workers File Sharing Mobile Security Co-Managed IT Word Flexibility Payment Cards Patch Management Data Breach Unified Communications Time Management Information Technology Unified Threat Management Professional Services The Internet of Things HIPAA Utility Computing Gmail Managed Services Bring Your Own Device Risk Management Alert Cooperation Monitoring Remote Worker Money Financial Net Neutrality Remote Monitoring and Management Data Storage Operating System Server Management Tablet Recycling Networking Electronic Health Records Internet Exlporer Employees Social Network Search Dark Web Password Augmented Reality Instant Messaging Assessment Smart Technology Consulting Downtime Employer/Employee Relationships Apple Cookies Cables Bookmarks ROI Alerts Windows Server Migration eWaste Computers Vulnerabilities Cyberattacks Social Travel Database Fleet Tracking Zero-Day Threat Windows Server 2008 Lenovo Hard Disk Drives Virtual Reality Sensors Shadow IT IT Consulting Notes Customer Service Content Filtering Samsung Firewall Managing Stress Mobile Device Management SaaS Proactive Maintenance Solid State Drive Nanotechnology Wires Favorites SharePoint Comparison Licensing User Management Chatbots Wireless Holidays Mobile Computing Read Only Security Cameras Touchscreen Hacking Outsource IT Mail Merge User Error Technology Tips Voice over Internet Protocol Projects Mirgation Asset Tracking Backup and Disaster Recovery Superfish Data Warehousing Solid State Drives Outsourcing Legislation PowerPoint Display Wearable Technology Star Wars MSP Finance Remote Distributed Denial of Service Value of Managed Services Spam Enterprise Content Management Point of Sale Tech Terms Cybercrime Cyber security App Conferencing Peripheral Downloads Specifications Teamwork Identity Theft Enterprise Resource Planning Heating/Cooling IT Geography Printing Trending Laptop Address WiFi Digital Payment Hotspot Return on Investment Cache Human Error Optimization Options Operations Telephone Statistics Video Conferencing Authentication Banking Managed IT Service Social Networking E-Commerce Theft Business Telephone Techology Database Management Screen Reader PCI DSS Black Friday Shared resources Going Green Identity Electronic Medical Records Servers 5G Mobile VoIP Modem High-Speed Internet Remote Working Mouse Settings Language Personal Information Remote Computing OneNote Permission Virtual Machines Features Bluetooth Biometric Technology Laws Virtual Assistant Bitcoin Tech Support Authorization Recovery Break Fix Manufacturing Vendor G Suite IT Assessment Outlook Disaster Resistance Permissions GDPR Smart Tech Politics Emergency Multi-Factor Security Cyber Monday Staff Batteries Mobile Microsoft Excel Wireless Internet Big Data Development Private Cloud Budget Printer Transportation Computing Infrastructure Active Directory How To Test Credit Cards Chromebook Procurement Gamification Unified Threat Management Wasting Time Current Events IT Technicians Cost Management WPA3 Smart Devices Motherboard Digitize Shortcut Proactive IT Google Calendar Fraud Connectivity CRM CIO applications Websites Education Twitter CEO Students Daniel Stevens Printers Marketing Regulation

Latest Blog

Did you know that, as of July 2020, 69 percent of global desktop Internet users utilized Google Chrome as their browser of choice? With such a large market share, the security associated with Google Chrome is important to keep in mind. To help increase some of this awareness...

Latest News

We are proud to announce that 415 IT and our CEO, Daniel Stevens, were recently featured by CIO Applications. We discussed how and why we serve our clients, as well as some sneak peeks for our future. Read our interview by visiting:  https:...