Thursday, June 17BIZGROWTH Is Your Small Business Digital News Source.

Tag: COVID

Business Growth in a Post-Covid World

Business Growth in a Post-Covid World

Business Solutions, What's Hot
As the world transcends into a new way of life after Covid, there will be notable changes when it comes to running a business. New trends and practices will come into play to promote the growth of the business and facilitate its way back to success. A business owner needs to know the right factors to propel the business forward and it is vital that a solid strategy is developed to keep the product or services relevant in the competitive industry. Here are some relevant trends that will help your business flourish after Covid-19. Contactless Payment Processing The crisis in the health sector requires traders to enforce payments that limit any form of contact between buyers and sellers. These forms of revenue come in two ways; swipe and mobile. They’ve been made available for Andr...
Tips for Saving Money When Reopening Your Business after Covid

Tips for Saving Money When Reopening Your Business after Covid

Breaking News, Business Solutions, E-Commerce, How-To, Tech, Trends, What's Hot
Due to Covid-19, many businesses have been operating remotely. As life slowly moves back to normal, however; several businesses are reopening, and others are in the process of doing so. As business owners adapt to the “new normal,” there is a lot they need to take into financial consideration since these are more extraordinary times that require additional measures. To avoid spending extravagantly, it’s important that business owners revisit their business plans to determine what can be omitted to avoid unnecessary spending. Cut on non-essential subscriptions Times have been good before, and many businesses had services and subscriptions to make the working environment more manageable. Most of these extras are not necessities, and because employees can work without them ...
Top Cash Discount Programs for Reopening Businesses after COVID-19

Top Cash Discount Programs for Reopening Businesses after COVID-19

Breaking News, How-To, Trends, What's Hot
A cash discount program is a service offered to clients by businesses that allow trade by cash, where a discount is provided on the set price of a commodity. It is meant to encourage cash transactions over credit and debit cards. Bouncing back to business after COVID-19 would require cash discount programs, as people in the industry aim to maximize profits. It will also help to reduce costs by evading the fees charged in processing credit and debit cards. Besides, chargebacks that affect businesses negatively can be avoided by employing Cash Discount Programs. We will discuss various ways that traders can utilize to actualize the cash discount process. Trade Discounts This discount is offered to intermediaries who purchase goods in cash. It is meant to promote their loya...
Saving money when you reopen your business after Covid

Saving money when you reopen your business after Covid

Business Solutions, Payment Processing, Tech, Trends, What's Hot
When reopening your business after Covid-19, it’s very important that you prioritize saving money. This extra money will allow you to develop the various investments and projects in the business and it will help you expand your online store. It’s no surprise that the pandemic has caused challenges for the majority of businesses around the world, which is why many are searching for unique ways to help them save money and grow their business during the aftermath of Covid-19. Here are some useful tips to help you, as you get your business back up and running.  Upgrade your marketing strategy Revamping, upgrading, and improving your marketing strategy is vital for enhancing your business success after Covid-19. Conveying relevant information using the right marketing platforms ...
Tips for using contactless payments in the restaurant industry

Tips for using contactless payments in the restaurant industry

Business Solutions, Payment Processing, Tech, Trends, What's Hot
Businesses in the restaurant industry are introducing contactless payments, which is imperative for success. Contactless payments have become so popular and aid in making low or high-value purchases on credit and debit cards. Large chains, stores, and retailers use tap and pay technology, which has been adopted by small retailers and restaurants. Here are some of the tips and the importance of using contactless payments. Review existing technology The first thing you should do when deciding on contactless payments, is to review your existing technology in the payment terminals. This will allow you to add contactless payment technology features. To enable this function in the payment terminal, you must contact the service provider, who will help you upgrade your  payment opt...
How to expand your business after Covid-19

How to expand your business after Covid-19

Breaking News, Business Solutions, Marketing, What's Hot
Finding success for many businesses during  COVID-19 has been incredibly challenging. The pandemic has turned the majority of businesses upside down, even causing some to shut down completely. The future after COVID-19 remains uncertain, however; there are ways to expand and prepare your business for success. The economic challenges that many businesses face can inspire innovation and growth and by focusing on implementing the right strategies, your business will survive and thrive after COVID.  Develop an effective online presence Businesses need to utilize and tap into the online experience by using the many available tools. Trends and statistics show that although retail shopping is declining, customers are undertaking online transactions more than ever. Therefore, ...
Mistakes made by business owners when scaling through Covid

Mistakes made by business owners when scaling through Covid

Breaking News, Business Solutions, Trends, What's Hot
Covid-19 has created a huge disruption in the business sector, with many business enterprises experiencing economic hardships. As a result, business owners have been on the move to find different ways of scaling through the pandemic, however; if they cannot plan and strategize effectively, they may make mistakes that cost time and resources.  Here are some of the mistakes that business owners should take note of so they don’t  hinder their progress.  Mistakes made by business owners Poor marketing strategy One of the mistakes that business owners make while scaling through the pandemic is having an inefficient or poor marketing strategy, which will limit the growth and performance of the business during the pandemic. Many products and services have emerged duri...
How to grow your business during Covid

How to grow your business during Covid

Business Solutions, Trends, What's Hot
Many businesses around the world have been adversely affected by the COVID-19 pandemic. The majority of companies are facing difficult times, a future filled with uncertainty, and financial challenges. It's no doubt that the pandemic has hit small businesses more than large businesses since they have few months of cash-flow. It's a tough situation and environment for most businesses to survive and grow during these uncertain times. The good news is that there are ways to grow, develop, and maintain your business's performance during the pandemic. Up-skill your staff members One of the other ways to grow your business during this pandemic is to improve and enhance the skills of your staff members. Business owners should support and motivate their staff members and they should tra...