JULY 2020
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stories that are life changing
HOW TO GROW YOUR BUSINESS DURING A GLOBAL PANDEMIC
VINTAGE Page 5
HEALTH Page 7
If you are a business owner or an entrepreneur and your business has been affected by the Coronavirus, Dan Lok will share twelve ways how to grow your business during this global crisis. The article will provide some tactics, insights and strategies you could apply in your business. It doesn’t matter if you are running a small business or a big organization, this crisis triangle will work once you implement it. Forget about your 12-month growth plan, you need to adapt in order to survive and thrive. Get into the right mindset, this is not the time to panic or to get nervous. You need to stay calm, cool, and collected and you cannot make intelligent decisions in your business when you are in a panic. Your team demands leadership from you, now more than ever. This is a time where you should step up as a leader, as a CEO, or as an entrepreneur. What are some of the strategic moves that you need to make?
The Crisis Triangle There are 12 ways that you could grow your business during this global crisis: The first part of the crisis Triangle include: Suspend, Shut down and Sell off.
GIFTS Page 8 - 9
Suspend all non-essential spending, including personal spending. If you want to buy a new car, take a vacation, or make a major investment - forget about it. Your business needs to survive and needs as much cash as possible. Shut down all cash-heavy projects you want to implement. Take a look at each project, and decide which projects will absorb basically all your cash. These projects might have potential, but they go with great uncertainty, since it requires more capital and cash; therefore it is better to eliminate these projects.
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REALTY Page 13