"BiziNet Magazine #101 - Apr/May 2020" BiziNet™ Articles

COVID-19 may well change the world; however, right now small business owners are focussed on navigating the immediate issues: cashflow uncertainty, fear, and the welfare of their workforce and customers. Small business has always been practical and pragmatic, robust and resilient. Embedded in their communities, they are first and hardest hit when economies tank, natural disasters strike, or governments change the rules.

Individuals and Directors or Owners of a Small to Medium Enterprise (SME) that are struggling with unmanageable debts should get professional help to manage a financial crisis. And No, google alone will not cut it because it is far too important. Any individual or SME ultimately needs cashflow to survive and this process becomes even more problematic to manage in times of a financial crisis.

Starting a new business puts you in an exciting frame of mind that's all about creating new beginnings. When you're just beginning, thinking about the end is probably the last thing on your mind. What you need to realise is that a good business plan is a long-term plan, with both a start and a finish. By planning your business exit strategy before you begin, your journey will be more rewarding, and your business better equipped to deal with future challenges.

In the last issue of BiziNet, we spoke about how important it is for small and medium businesses to have a telephone system in place. Here we explain how important it is to have a phone system that boosts your business and offers new features which were not available just a few years ago.

In this time of social distancing, it gives us time to think and muse about the "bigger" questions. This isolation has led me to my uni days of studying philosophy: in particular the work of Thomas Kuhn. Kuhn said that scientists work within a framework of paradigms that they do not question. Going with the flow and not questioning why or seeing if there are other and better ways of doing something.