The Small Business Survival Guide for 2022
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The pandemic has taken its toll on the world around us. Its impact was felt in every aspect of how we live and work. With new variants popping up and challenges in the economic climate, businesses are looking towards the uncharted waters of the future in 2022.
We’ve put together this guide to help growing businesses take apart the key issues affecting the marketplace in 2022.
To come back to the office or not?
As so many businesses switched to fully remote work during the pandemic lockdowns of 2020, physical office spaces became obsolete. With it, the expense of maintaining an office space became unnecessary.
When approaching this topic, consider the following questions:
Is the goal to bring everyone back, or should the goal be hybrid?
If the goal is to bring everyone back, what will need to be done to create a safe space?
Is your small business able to have a fully remote team?
If you have a hybrid office, what will the impact on company culture be?
To fill hiring needs locally or remotely?
The economy is bouncing back, and many businesses are finding themselves short-staffed and unable to keep up with demand. At the same time, many people are shifting careers and looking for new ones, leaving businesses trying to fill needs and fill newly open positions.
When approaching this topic, consider the following questions:
How much time can the business devote to training and onboarding new employees?
Can the position be worked remotely?
Do you have the technology to hire fully remote employees? (How will they be trained and onboarded?)
To plan for a cloudy future?
The best businesses are prepared for the future with a plan. That is easier said than done during a time when it feels like everything keeps changing. We often think of plans as set in stone. Instead, think of your plan as something written in pencil, something that can (and should) be reviewed and updated regularly. This will make it possible to meet your business’s changing needs and set you up for success in the year to come.
When approaching this topic, consider the following questions:
What are your goals for the upcoming year? What would need to happen to meet them?
What are the knowns?
What are the unknowns? What would it take to make the unknown known?
Have Questions?
Have questions about planning your business’s future? Our team of business advisory experts are here to help. Contact us today.