Market shocks like the COVID-19 crisis don’t come around very often, but when they do the way successful businesses react to them can teach us a lot.
Of course the crisis was very advantageous to some business models, with online video software, home exercise and a variety of other industries benefitting enormously. But how did the businesses that experienced less demand, staffing issues, and volatile markets manage to survive and thrive?
Invigorate’s interaction with UK-based entrepreneurs gives us a unique vantage point to access the impactful advice they are receiving our experienced advisors. Many of our advisors have survived and successfully lived through the dot.com bubble, 9-11 and the global financial crisis, and understand the tactics to weather the storm. So when the COVID-19 crisis hit the markets, we collected the advice they gave the businesses they were helping, to give you a summary of how to run a business in a downturn or tricky period.
There’s no doubt it’s going to be a long and difficult ride.
Invigorate is here to help, giving you access to a network of business advisors who can guide and direct on optimal business strategies across all aspects of your business, as well as crisis management.
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