small business brokers us

1. The Effects of Covid-19 on Small Businesses Small businesses include co-operations, partnerships and/or sole-proprietorships, which are privately owned. They have fewer employees and less annual revenue as compared to regular sized businesses. These might include; grocery stores, restaurants, hairdressers just to mention but a few. As of May 17, 2020, over one million corona virus cases had been reported in the US. This led to the “Stay at Home” social distancing measure that has been implemented, causing a huge toll, especially to small businesses which flourish well on the bustle of daily activities. Statistics show that this measure might go on for an indefinite period of time, which might have adverse negative effect on the economy in the long run. Some of the effects of Covid-19 to small business for sale us include; • Loss of market; most small enterprises require the regular flow of customers to the venture’s premises to receive the goods and services that are provided. This has stopped due to the social distancing measure. • High production costs; since most boarders have be closed and most flights have been grounded, medical supplies have become the top priority goods that can be imported and moved across the states. Small businesses which get their raw materials from other countries or states must pay a higher transportation cost which in turn increases their production cost. • Laying-off staff; due to reduced income that is caused by the lack of daily customers, having many employees tend to become a loss because there is not much work to do. This is especially a challenge if an employee is forced to work from home and the business requires hands on attention such as cooking at a restaurant. • Accumulation of debt; this applies especially if the property which your enterprise is on has not been purchased and are still required to pay rent as long you are occupying the premises despite the fact you are not generating income from the business. You may have also procured a loan which also requires monthly payments. This leads to the accumulation of your business debt. • Bankruptcy; as bills continue to pile up, you may try clearing them with your own personal savings to keep the business afloat. You might also give into the pressure of trying to settle your bills by procuring more loans which might inevitably leave you in adverse debt.

2. • Business closure; as hard as it is to see all the hard work and capital you had invested in your business go down the drain, it might start becoming a loss rather than a profit forcing you to close it temporarily. To make sure that your small business survives this pandemic, you must take some precautionary measures which include; • Taking measures to prevent the spread of Covid-19; employees and customers should always wear protective gear such as masks and gloves to prevent them from transmitting the disease or getting infected by it whenever they are in the business premises. You should also provide sanitizers to your employees and customers as they enter your business premises. • Providing delivery services; arrange for delivery services so that your customers can purchase your goods from the comfort of their homes. This ensures that you will still have the market for the goods and services you provide. • Review the changing market; this can be done by observing the trends that the markets are adapting to keep businesses afloat and trying to implement them in your business in a unique way. During this time, there is a lot of information on the internet on how businesses are taking twists and you should be up to date.

3. • Communicating with your customers; this can be done through emails informing them on refunds due to undelivered goods or rescheduling of services that have been unable to meet with the appointments that the customers had made beforehand. This helps in maintaining a good customer relationship. • Keeping up to date with news about Covid-19; always watch local and international news concerning Covid-19, its statistics, facts and figures. You will also be informed on the governments business regulations concerning operating hours if a curfew is implemented. This also gives you an opportunity to know how to adapt your business operations in the long run concerning the virus. • Having an online platform; you should use social media to advertise and promote your business. Many people are currently at home and most have access to internet services. Take this as an opportunity to remind your customers of the products and services you provide while also reaching out to new customers. The government has chipped to help in keeping small business operations up and running during this trying time by; • Lowering of loan interest rates; this helps an entrepreneur comfortably apply for a loan without fear of paying a larger sum in the long run that may affect the business. This money might be used by the entrepreneurs to continue with business operations. • Forgiving of loans for a specific period; this has given small business owners enough time to gather finances that can be used to pay off their debts reducing the pressure on business operations during this time. • Setting aside funds for small businesses; the government has also allocated funds to help small business owners in some of their operations which can be used in clearing the debts they have incurred. • Lowering of tax rates; this helps in reducing the production costs and giving the small businesses a chance of realizing minimum profit. • Offer training to small business owners; this has be done through free online classes on how to manage and run a business, how to spot a problem in the business operations and finding out ways to solve them. This has equipped the entrepreneurs with skills and las a result led to less cases of poor decision-making when it comes to running the small businesses. Saving small businesses from closing permanently will help in saving thousands of jobs which will in turn help keep families fed and the economy somewhat stable in the long run. This may also prevent another Great Recession that may come when the pandemic is over.

4. ABOUT BIZFORSELL…. WHERE BUSINESS IS SOLD TM You are welcome to the showroom of great franchise offers, professional business brokering, business sales and purchases. Bizforsell.com is a place Where Business is sold TM ; a place where you can find and take up great franchise offers or place a request to buy. We are an online service with one mission in mind - to enable your franchise purchase or sale, business sale, business brokering conclude smoothly. Bizforsell originated from the realization that many want to buy a franchise but do not have the information or the connection to do so. We also find business persons who are looking to sell off for one reason or the other, those who prefer buying a readymade business but find it difficult to access tangible links for this purpose. This is a place to explore the best options you will find depending on your specification or that of your organization. For additional information, visit the website https://www.bizforsell.com/