Yesterday, we looked at some key performance indicators (KPIs) for marketers. Now, we highlight how to survive a financial crisis according to entrepreneurs.
Examples of How to Survive a Financial Crisis According to Entrepreneurs
For the content and infographic that follow, we thank Thimble.
The 2020 coronavirus pandemic changed the world as we knew it. With the recent round of lockdowns across the globe, many people (and businesses) still wonder how they will weather the storm this time around.
If you’re a small business owner or entrepreneur, the past year has likely not been an easy time for you. From wondering whether you’ll qualify for a PPP loan to trying to transition. To trying to keep an E-commerce business to stay afloat. Many entrepreneurs spent the year pivoting. As well as revamping their business for a post-pandemic world.
As business owners around the globe face the current economic crisis due to COVID-19, there are some important lessons that can be learned from businesses that survived previous U.S. recessions. From diversifying your investments to expanding your clientele, it’s important not to “put all your eggs in one basket.” And have multiple streams of income in case the economy takes a turn for the worse.
While your business may not be at the scale of some of the examples below, there are important takeaways you can gather about how these companies made it through the storm of previous economic crisis unscathed. From Delta rebounding after the impact of 9/11 to Kellogg’s staying afloat through the Great Depression, keep reading to learn some important tips from the best of the best.
So how can you make sure your business is resilient through the COVID-19 pandemic? Check out the infographic by Thimble to learn tips from entrepreneurs on how to survive a financial crisis.