These are incredibly trying times for all of us, but as a business owner, chances are you’ve suffered especially as a result of coronavirus. The uncertainty about losing a venture you’ve worked so hard to build up is nothing short of devastating, no one knows what will happen next. But here are some things you can probably expect over the next 12 months. 

Continued remote working

When coronavirus first hit and many businesses were forced to shut down or close their doors, many made the shift to moving their workers to their homes to complete their tasks there. While lockdown restrictions have eased, social distancing will be here to stay for the foreseeable future, meaning your workplace will have less capacity for staff. If possible, your employees should continue to work from home if they can which is safer and more convenient, and frees up space in the workplace for those who have no choice but to be there. Working from home can be a change for many employees who may never have done this before, but thankfully there are some fantastic benefits to doing so. Not only do you protect them against this illness but research has previously shown that home based workers tend to be happier and healthier too. Without a long commute and more flexible working hours amongst other things, it makes sense. 

Shifting to online sales 

Switching to predominantly online selling might be your only hope of keeping business alive at the moment. Consider the importance of thinking outside the box, being innovative and continuing to provide to customers and know what they want, even in extreme times like this. This can mean switching up the way you do things to either sell online or provide virtual services in the place of face to face ones. If your businesses didnt previously sell online then you may have to make some big changes to set this up. In many cases, businesses might just need to scale up and push the online sections of what they do.

Changing profits

The coronavirus pandemic is likely to cause all kinds of fluctuations and changes with your profits over the next year. Some businesses will experience spikes in sales due demand, then there are other kinds which have (and will continue to) suffer. Those in entertainment and hospitality, beauty such as makeup artists and hairdressers and other kinds of face to face businesses have had to close their doors completely. Dealing with changing profits in  business means budgeting and spending more carefully than ever, be wise with your spending and continue to expect the unexpected. For example, things like lawsuits are expected to be filed against businesses where customers, suppliers and staff felt they weren’t dealt with fairly. If this happens, a business solicitor or breach of contract lawyer is the best person to contact. 

How has coronavirus impacted your business?