{"id":13039,"date":"2020-06-02T13:09:55","date_gmt":"2020-06-02T17:09:55","guid":{"rendered":"https:\/\/www.method.me\/?p=13039"},"modified":"2026-01-07T06:45:11","modified_gmt":"2026-01-07T11:45:11","slug":"small-business-recovery-plan","status":"publish","type":"post","link":"https:\/\/www.method.me\/blog\/small-business-recovery-plan\/","title":{"rendered":"What you need to include in your small business recovery plan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">COVID-19 has been hard for everyone, especially small businesses. Thankfully, small business recovery is on the horizon for many.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As we approach the light at the end of the tunnel, we look at how you can create a strong small business recovery plan. Let\u2019s get started.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-build-your-small-business-recovery-plan\">How to build your small business recovery plan<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-focus-on-creating-a-safe-workplace\">1. Focus on creating a safe workplace<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As small businesses begin to reopen, your first priority should be health and safety. From limiting the number of people in your store to having masks and hand sanitizer readily available, it\u2019s your responsibility as small business owners to keep your employees and customers safe.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As part of your small business recovery plan, you need to think about what logistical changes are needed for safe business operations. This could include changes such as:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Increasing sanitization frequency&nbsp;<\/li><li>Implementing curb-side pick up<\/li><li>Creating a rotating schedule for in-office employees<\/li><li>Continuing to let your team <a href=\"https:\/\/www.method.me\/crm-quickbooks\/quickbooks-remote-access\/\" target=\"_blank\" rel=\"noreferrer noopener\">work remotely<\/a>&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-stay-up-to-date-on-new-regulations\">2. Stay up to date on new regulations <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While <a href=\"https:\/\/www.businessinsider.com\/us-map-stay-at-home-orders-lockdowns-2020-3\" target=\"_blank\" rel=\"noreferrer noopener\">some states<\/a> are gradually re-opening, others are still sheltering-in-place, and some never closed at all. Regardless of the status of your area, it\u2019s smart to prepare your small business recovery plan as far in advance as possible.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As you work on your small business recovery plan, it\u2019s important to have your finger on the pulse of any new regulations. Setting up Google alerts or subscribing to updates for your area\u2019s regulations will help you keep you up-to-date on any changes and let you adjust your small business recovery plan as needed.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-re-evaluate-your-finances\">3. Re-evaluate your finances <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.method.me\/covid-19-business-resources\/\">COVID-19<\/a> has hit small businesses extremely hard financially. So before you get back to business, it\u2019s important to re-evaluate your finances.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As you prepare your small business recovery plan, you need to take a look at:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Costs you can cut<\/li><li><a href=\"https:\/\/www.method.me\/blog\/small-business-resources\">Grants<\/a> you can apply for<\/li><li>Loans you can have <a href=\"https:\/\/www.method.me\/blog\/ppp-loan-forgiveness\">forgiven<\/a>\u00a0<\/li><li>Adjusting your prices<\/li><li>Any changes to your tax deadlines<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Doing so will let you know exactly where your finances stand and what actions you need to take to recover from COVID-19.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-take-stock-of-inventory\">4. Take stock of inventory <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A crucial part of your recovery journey is ensuring that you have the inventory needed to get back to business. Before you re-open, it\u2019s smart to do a full inventory count, so that you know exactly what you have to offer your customers.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Incorporating inventory management into your small business recovery plan also allows you to:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Get ahead of reordering your best-selling products<\/li><li>Ensure you don\u2019t lose sales because of a lack of inventory<\/li><li>Plan promotions for items you have a surplus of<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-promote-your-business\">5. Promote your business<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s face it, not every small business made it through COVID-19. You\u2019ve worked hard to stay in the game this long and that\u2019s something to be proud of. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And now is the time to get the word out about your return.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As part of your small business recovery plan, you\u2019ll want to create a promotional strategy around your re-opening. Whether you share your story of resiliency with local news outlets or launch a social media campaign to let people know that you\u2019re back, it\u2019s never too early to create a buzz around your return.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-looking-forward-to-small-business-recovery\">Looking forward to small business recovery<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s a recap of what you need to do for small business recovery:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Create a workplace that\u2019s safe for your employees and customers<\/li><li>Stay up to date on changes to business regulations<\/li><li>Take stock of your finances and create a plan that will allow for economic recovery&nbsp;<\/li><li>Gain an accurate understanding of the inventory you have on hand<\/li><li>Get the word out to existing and potential customers about your business\u2019 return&nbsp;<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">In terms of next steps, you\u2019ll want to think about how to handle any follow-up waves of COVID-19 and build a business continuity plan for this situation.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:18px\">For more tips on small business recovery, <\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:18px\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.method.me\/customer-success\/gtm-landscaping\/\" target=\"_blank\">learn how<\/a> a local landscaper bounced back after the 2008 recession.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:12px\"><em>Image credit: <a href=\"https:\/\/unsplash.com\/@kellysikkema\" target=\"_blank\" rel=\"noreferrer noopener\">Kelly Sikkema<\/a> via Unsplash<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With small business recovery on the horizon for many, now is the time to create your plan for getting back to business. <\/p>\n","protected":false},"author":24,"featured_media":13042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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