STEP 3 : RECOVERY & BEYOND

Recovery & Beyond – Survive & Succeed

What are your business goals and how have they been impacted by the pandemic?  It is time to start reimagining the future of your business and to begin to strategize a path forward.  Planning helps you better understand where you are and what you need in order to survive and succeed. Planning helps you better understand “what if” scenarios. 

PLANNING FOR THE FUTURE

Below we’ve compiled a few questions to help you create a path forward that works for you and your business. You will be able to email this assessment to yourself or your business advisor.

Recovery & Beyond

What are your business goals and how have they been impacted by the pandemic?  It is time to start reimagining the future of your business and to begin to strategize a path forward. 

Planning helps you better understand where you are and what you need in order to survive and succeed. Planning helps you better understand “what if” scenarios. 

A business plan and the accompanying financial projections allow you to set qualitative and quantitative goals. It also helps you better understand where you are and what you need in order to survive and succeed.

• How long can your business last?
• Will you have enough cash to get you through the winter?
• What if an employee gets sick or there is another surge in the virus?
• What are your next steps?

All of these questions – and more – can be answered to some extent by business planning. Your business plan does not have to be a long, elaborate document that takes months to complete. A business plan can be a simple assessment of where your business stands to help guide you and your future business decisions.

Accompanying your business plan, a marketing plan helps you maximize your marketing and sales efforts. It helps you engage (or re-engage) with both new and existing customers to meet goals. It also guides decisions on where to spend your time and money.

Planning also helps you manage crises better. A crisis management plan helps you respond in a time of panic, providing guidance on situations that might arise and how to respond confidently. View our crisis planning webinar.

Trust us – your future self will thank you for taking this time to create a thoughtful plan.

Get planning now with our resources here.

Need help? Maine SBDC business advisors are experts in business planning. They can guide you through the process and help you feel confident about your next steps (and the future of your business).