COVID-19: Growing Your Business In The Era Of New Normal - DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

COVID-19: Growing Your Business In The Era Of New Normal

Adam PR by Adam PR
October 7, 2020
in BUSINESS, Uncategorized
0
20.5k
SHARES
20.5k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The whole world have encountered the shocking conflict with the terrible COVID-19 pandemic. But as it still stands “Man must wack!”. Things must surely go on and most importantly businesses, education, ceremonies and most importantly life, goes on!

As we all know, the massive social distancing and the nation wide lockdown affected a lot of business throughout the country. Lots of Entrepreneurs seriously lost goods and finance during this difficult period.

It became quiet difficult for these group of businesses to recycle fund and make profits as there was a shortage in massive sales and productions.

With months of experiencing the pandemic, it could be right to say that the COVID-19 have come to stay and just the world have set out boundaries and regulations to curtail the spread, same way businesses must continue to go on amidst the abrupt shutdown caused by the pandemic.

The question still remain, how do we Achieve that? Restructuring businesses during this pandemic period could look like a herculean task if it is not handled properly. There are crucial steps to take to make less severe risks and survive the slow paced economy during this pandemic.

Below are the few steps on “How To Grow Your Business In This Era Of New Normal”

ALSOREAD

APPLY: FG Rolls Out ₦50,000 Cash Grant For Business Owners Nationwide

FG Invites Business Owners To Apply For MSME, Offers Cash, Cars, Houses

BREAKING: Tinubu Approves N50 Billion For Business Owners, To Announce New Salary For Workers

8 Ways To Make Money Online With N1000 In 2025

FULL LIST: Easiest States To Do Business In Nigeria According To 2023’s PEBEC Ranking

Curtailing Expenses: It is of utmost importance that start up Entrepreneur s and also established Entrepreneurs have a check list and a financial record of their net worth. This detail would deliberately and effortless give a clue of their financial stability and as such help them to minimize unnecessary expenses at the detriment of the business.

Adapt to Business Change: Change is one factor that is always constant in mostly every area of life. Yet it is one thing people find hard to blend or move with easily, because of too much familarity with the former. As an Entrepreneur, be ready to adapt to changes, not only that always be on the check to spot changes and make amends in the business immediately. This could be gotten form customer’s feedbacks, staff queries and one on one conversation.

The wind isn’t going to be calm always, so have the courage to plunge into the wave and come out alive. There is no such thing as a comfortable zone in businesses.

Take healthy and calculated Risks: Being an Entrepreneur or running a business already is a risk. This is because we have no idea (regardless of all measured possibilities of sales) how things would eventually turn out. An Entrepreneur should be willing to take healthy risks that would soar the business even higher.

Risks shouldn’t be considered in a haste, mistrust or extortion. Before making a risks all pros and cons should be duely highlighted and estimated before one plunges into any decision making to avoid massive lose during this pandemic period.

Invest With Patience: Every business owner or any Entrepreneur should always bear this mind. Patience is a virtue that most people do not posse.To go further in ones dealings in businesses an Entrepreneur should be willing to “wait it out” for the very fact that results don’t come up a day likewise investment. It is more of the “slow and steady wins the race” ideal.

Communication: As simple as it sounds, Entrepreneurs and business owners should endeavour to set up an avenue for good communication with their staff and customers and or consumers. These set of people unknown to a business owner and to themselves have all it takes to push a business either up the success ladder of the business career or downwards in loss. Maximum communication should be initiated at some points in time.

You wouldn’t want to miss a feedback that would prompt you to upgrade your services, products or packaging. A consumers utterance is a viable tool any business owner could manipulate for his own gain.

Flow with the Tide: Finally it is always right to flow with the current Tide and not be left out. Most superb ideas had come from a bad “situationship” Business owners could check out for goods that are mostly in use during this period and start off with it. Take for example, the contagious covid-19 pandemic had made the once forgotten and overlooked nose mask a general commodity same goes with hand sanitizers.

Business owners could delve into mass production of these products and distribute across the country thereby choking off the slow sales in business.

With these in mind, established businesses and start up entrepreneurs could gradually start somewhere to make things look right again bearing in mind that the unstable crises would soon become a history.

It is equally important to note that this is time business owners should lay emphasis on understanding the situation rather than sit back and relax. A deep in-depth analysis and understanding of current situation could turn a favourable hand to ones business. It’s all about strategic planning.

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: BusinessCoronavirus
Previous Post

ASUU And The Problem In Nigeria’s Educational System

Next Post

World Teacher’s Day: Toast To All Nigerian Teachers

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

BREAKING: Dangote Crashes Petrol Price
BUSINESS

Relief For Nigerians As Dangote Refinery Crashes Price Of Cooking Gas

October 7, 2025
Uncategorized

Meet The Richest And Most Talented Nigerian Female Football Players

September 18, 2025
BREAKING: Dangote Crashes Petrol Price
BUSINESS

Dangote Refinery Blasted Over Continuous Reduction In Petrol Prices

September 14, 2025
Top 10 States That Borrowed From CBN To Pay Salaries
BUSINESS

JUST IN: CBN Approves Merger Of 2 Popular Nigerian Banks

September 1, 2025
APPLY: FG Rolls Out ₦50,000 Cash Grant For Business Owners Nationwide
BUSINESS

APPLY: FG Rolls Out ₦50,000 Cash Grant For Business Owners Nationwide

August 26, 2025
NNPC Announces Reduction In Petrol Price
BUSINESS

Nigerian Filling Stations Crash Fuel Price To Compete With NNPCL, Others

August 21, 2025
Next Post

World Teacher's Day: Toast To All Nigerian Teachers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Man Flees For His Life After Been Caught Sleeping With Another's Man Wife

    VIDEO: Man On The Run After Been Caught Sleeping With Another’s Man Wife

    25379 shares
    Share 10152 Tweet 6345
  • VIDEO: Female Prison Officer Caught Having S£x With Inmate Inside Cell

    26482 shares
    Share 10593 Tweet 6621
  • VIDEO: Lady’s Br£asts Fall From Her Top While Dancing With Chris Brown At Concert

    21759 shares
    Share 8704 Tweet 5440
  • Corps Members Reportedly Caught Having Sex In Orientation Camp

    22668 shares
    Share 9067 Tweet 5667
  • VIDEO: Lady Disgraced In Lekki After Being Caught Hiding Dollar Bills In Her Private Part

    23000 shares
    Share 9200 Tweet 5750
  • Youths Strip Queen Naked, Beat King, Prince During New Yam Festival In Ondo

    21495 shares
    Share 8598 Tweet 5374
  • Man Caught His Wife Having S£x With Thier Pastor On Matrimonial Bed

    22926 shares
    Share 9170 Tweet 5732
  • I Invited My Friend To Record – Sudent In Viral Sex Tape With Her Teacher Speaks

    21401 shares
    Share 8560 Tweet 5350
  • Assistant Headmaster Suspended After He Was Seen F0ndling Student’s Br£asts In Viral Video

    21380 shares
    Share 8552 Tweet 5345
  • VIDEO: Nigerian Lecturer Caught S3xu@lly Harassing Female Student In A Disturbing Clip

    22448 shares
    Share 8979 Tweet 5612

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved