How to Save Business During Covid-19? Real Stories
Unfortunately, during the Covid-19 epidemic, many small business owners lost their primary source of income. But let’s look at the opposite examples – many managed to adapt and earn even more.
When Polish fruit and vegetables` supplier for restaurants and hotels `Gastro Food’ lost its source of income, decision to change business model was taken. They began to deliver its goods to private homes. Today it has twelve employees more than before the crisis, it provides several hundred fruit boxes a day and plans to expand its operations throughout the country.
According to forbes.pl last year the company has been distributing fresh fruit, herbs and vegetables to local retail chains for over two years. At the time of the announcement of the epidemiological status, turnover decreased by up to 90 percent. This is an example of how to keep up and how to save your business even in the most difficult times.
China Has Built a Hospital in 10 Days, And We Are Not Far Behind
On March 16, Ukrainian entrepreneur Taras Panasenko decided to close the chain of his small stores in Poltava to protect employees from coronavirus infection. At that time, he hoped that quarantine would not last long. When it became clear that this was a long story, the shops resumed work. In a matter of days, Panasenko made a decision: his company will produce masks and disinfectants. Masks began to be sewn at their own sewing production, organized the bottling of antiseptics.
Last week, they launched the option of online orders and home delivery with a minimum order of 100 UAH. “A business does not have the right to stop, and must adapt to new realities,” the owner claims. In his facebook page he wrote:
“It took us three days to launch new services, China has built a hospital in 10 days, and we are not far behind.” (Source: https://biz.liga.net/)
We Understood: if We Do Not Take Into Account The Change in The Needs of Our Customers, We Can Close at All
Evgenia Lukash from Kherson (Ukraine) owns a production of children’s clothing but now she is making masks for children and and their parents. The lady has started her business a few years ago when she was on maternity leave. The project team has grown to 60 people. With the beginning of quarantine, the business stopped making money. “As soon as quarantine was announced, we saw a sales hole,” Lukash said. “We understood: if we do not take into account the change in the needs of our customers, we can close at all”.
The demand for this type of accessories was enormous, and we decided to produce masks in several variations: social, on which we do not earn anything, and more interesting, with prints and different decorations more expensive”. (Source: https://biz.liga.net/)