Itzik Levy, CEO of vcita explains how to bring your business back to full steam after months of Covid lockdowns.
FM
As the country reopens and businesses unlock their doors and prepare to welcome back their customers, we talk to Itzik Levy, CEO of vcita, the all-in-one business management app for small businesses, to get his perspective on how to bring your business back to full steam after COVID-19 shutdowns.
Is it too soon for small in-person businesses to fire up again?
Definitely not! The country is reopening. As you can see in the image below, all 50 states have reopened to some extent, and 42 have fully reopened. By the time you read this, it’s possible that all 50 will have fully reopened.
Bear in mind that your customers expect you to return to business. If you don’t reopen at the right time, they’ll find a different provider to take your place.
How can small businesses reopen successfully?
The first step is to check the restrictions and guidelines for your area to verify what you need to do to reopen. Prepare policies about how and how often you disinfect equipment, deep clean the premises, wipe surfaces, etc. and rearrange the furniture in your premises to support social distancing as needed.
You’ll also need to make sure that your employees have the necessary PPE, or get hold of it for them.
Next, review your budgets. If you were able to get hold of any of the government and SBA’s special Coronavirus relief funding, and you still have some of it left, use it to fund your reopening.
Now may also be a good time to seek a small business loan, if needed, because you’ll probably need to spend money in order to retain your experienced employees, expand your services, and possibly add new services lines.
The government is pushing banks to offer better terms for small business loans.
What should businesses do to attract new and existing customers once more?
Hopefully, you kept in touch with your customers throughout the lockdown period, so you can send each one a personalized message through email and/or text message to invite them to return in person.
Personalized invitations are far more successful than generic messages.
You’ll want to make sure that everyone knows that your doors are open again, so use every marketing channel to advertise that you’re reopening.
I’m talking email newsletters with bold subject lines, social media posts, banner ads on your website, physical banners on your premises, physical flyers, and ads in print publications.
I even recommend that you go all the way and stage a celebratory reopening with some balloons and streamers. You don’t have to spend a lot of money to make a splash.
Video is the most effective marketing format today, so put it to good use to announce your return by shooting short video segments for your social media that show you cleaning the premises, preparing your supplies, sanitizing your equipment, etc.
You can post these videos to your Instagram, Facebook, and WhatsApp stories, and they’ll also help reassure your customers about your commitment to their health.
How can businesses reassure customers that it’s safe to return?
Obviously, it’s no use reopening your doors if your customers don’t feel safe returning to your business, so it’s vital to demonstrate that you’re taking health and safety seriously.
Communicate every measure you are taking, across every channel; email, social media, your website, etc.
Share steps like:
Our employees wear masks at all times
We check our employees’ temperature every day
We deep clean our premises/salon/gym/office every week
We’ve changed our scheduling to limit the number of clients on the premises at once
We check each customer’s temperature
Visually show your commitment by posting images of your staff wearing masks, and placing hand gel on the front desk and throughout the premises.
As a bonus, you can tailor your messaging to high-risk customers (i.e. the elderly, those with preexisting health conditions, those with respiratory problems).
They may not be ready to return in person, or could need extra reassurance, so you could:
Tell them you’ll still be offering your remote service;
Keep in touch with them to track their confidence in returning in person;
Find out what they need to give them the confidence to return. Perhaps they need to know that they are your first appointment of the day, or want to be the only one on the premises? You won’t know until you ask.
What are your “secret tips” for small businesses looking not just to reopen, but to roar back even better than before?
Much depends on the groundwork you put into place during the lockdown, namely keeping contact with your customers and delivering value through different channels.
But there are also specific tips you should follow to expand your business once more.
Make your marketing reassuring and positive. We’ve all had enough of doom and gloom; now your customers want to hear messages of hope and inspiration.
Listen to what your customers want and need, because their needs may have changed during the lockdown.
Offer “post-corona specials” to entice customers. For example, a beautician could offer a post-lockdown beauty special of eyebrow shaping, facial, and mani-pedi; a personal trainer could offer a short post-corona boot camp for people who put on unwanted pounds during the lockdown; etc.
Offer strategic discounts. Even loyal customers could be cash-strapped and hesitant about spending money again, so consider offering a small discount on certain services, or bundling services together as a special offer.
Don’t abandon the work you put into providing remote or online services during the lockdown. This can and should continue as a valuable extra revenue stream.
It might take some hard work at the beginning, and plenty of patience, but hopefully you’ll soon see your efforts pay off as your business bounces back and even become better than before Corona.
As the country reopens and businesses unlock their doors and prepare to welcome back their customers, we talk to Itzik Levy, CEO of vcita, the all-in-one business management app for small businesses, to get his perspective on how to bring your business back to full steam after COVID-19 shutdowns.
Is it too soon for small in-person businesses to fire up again?
Definitely not! The country is reopening. As you can see in the image below, all 50 states have reopened to some extent, and 42 have fully reopened. By the time you read this, it’s possible that all 50 will have fully reopened.
Bear in mind that your customers expect you to return to business. If you don’t reopen at the right time, they’ll find a different provider to take your place.
How can small businesses reopen successfully?
The first step is to check the restrictions and guidelines for your area to verify what you need to do to reopen. Prepare policies about how and how often you disinfect equipment, deep clean the premises, wipe surfaces, etc. and rearrange the furniture in your premises to support social distancing as needed.
You’ll also need to make sure that your employees have the necessary PPE, or get hold of it for them.
Next, review your budgets. If you were able to get hold of any of the government and SBA’s special Coronavirus relief funding, and you still have some of it left, use it to fund your reopening.
Now may also be a good time to seek a small business loan, if needed, because you’ll probably need to spend money in order to retain your experienced employees, expand your services, and possibly add new services lines.
The government is pushing banks to offer better terms for small business loans.
What should businesses do to attract new and existing customers once more?
Hopefully, you kept in touch with your customers throughout the lockdown period, so you can send each one a personalized message through email and/or text message to invite them to return in person.
Personalized invitations are far more successful than generic messages.
You’ll want to make sure that everyone knows that your doors are open again, so use every marketing channel to advertise that you’re reopening.
I’m talking email newsletters with bold subject lines, social media posts, banner ads on your website, physical banners on your premises, physical flyers, and ads in print publications.
I even recommend that you go all the way and stage a celebratory reopening with some balloons and streamers. You don’t have to spend a lot of money to make a splash.
Video is the most effective marketing format today, so put it to good use to announce your return by shooting short video segments for your social media that show you cleaning the premises, preparing your supplies, sanitizing your equipment, etc.
You can post these videos to your Instagram, Facebook, and WhatsApp stories, and they’ll also help reassure your customers about your commitment to their health.
How can businesses reassure customers that it’s safe to return?
Obviously, it’s no use reopening your doors if your customers don’t feel safe returning to your business, so it’s vital to demonstrate that you’re taking health and safety seriously.
Communicate every measure you are taking, across every channel; email, social media, your website, etc.
Share steps like:
Our employees wear masks at all times
We check our employees’ temperature every day
We deep clean our premises/salon/gym/office every week
We’ve changed our scheduling to limit the number of clients on the premises at once
We check each customer’s temperature
Visually show your commitment by posting images of your staff wearing masks, and placing hand gel on the front desk and throughout the premises.
As a bonus, you can tailor your messaging to high-risk customers (i.e. the elderly, those with preexisting health conditions, those with respiratory problems).
They may not be ready to return in person, or could need extra reassurance, so you could:
Tell them you’ll still be offering your remote service;
Keep in touch with them to track their confidence in returning in person;
Find out what they need to give them the confidence to return. Perhaps they need to know that they are your first appointment of the day, or want to be the only one on the premises? You won’t know until you ask.
What are your “secret tips” for small businesses looking not just to reopen, but to roar back even better than before?
Much depends on the groundwork you put into place during the lockdown, namely keeping contact with your customers and delivering value through different channels.
But there are also specific tips you should follow to expand your business once more.
Make your marketing reassuring and positive. We’ve all had enough of doom and gloom; now your customers want to hear messages of hope and inspiration.
Listen to what your customers want and need, because their needs may have changed during the lockdown.
Offer “post-corona specials” to entice customers. For example, a beautician could offer a post-lockdown beauty special of eyebrow shaping, facial, and mani-pedi; a personal trainer could offer a short post-corona boot camp for people who put on unwanted pounds during the lockdown; etc.
Offer strategic discounts. Even loyal customers could be cash-strapped and hesitant about spending money again, so consider offering a small discount on certain services, or bundling services together as a special offer.
Don’t abandon the work you put into providing remote or online services during the lockdown. This can and should continue as a valuable extra revenue stream.
It might take some hard work at the beginning, and plenty of patience, but hopefully you’ll soon see your efforts pay off as your business bounces back and even become better than before Corona.
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
iFOREX Revises Earnings Forecast; AvaTrade to Close Polish Office
iFOREX Revises Earnings Forecast; AvaTrade to Close Polish Office
iFOREX Revises Earnings Forecast; AvaTrade to Close Polish Office
iFOREX Revises Earnings Forecast; AvaTrade to Close Polish Office
iFOREX Revises Earnings Forecast; AvaTrade to Close Polish Office
iFOREX Revises Earnings Forecast; AvaTrade to Close Polish Office
Today’s financial news recap covers iFOREX cuts its first-half earnings estimate, AvaTrade closes its Poland branch, Devexperts targets South Korean brokers, and TradingView adds MCP for AI tools.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers iFOREX cuts its first-half earnings estimate, AvaTrade closes its Poland branch, Devexperts targets South Korean brokers, and TradingView adds MCP for AI tools.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers iFOREX cuts its first-half earnings estimate, AvaTrade closes its Poland branch, Devexperts targets South Korean brokers, and TradingView adds MCP for AI tools.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers iFOREX cuts its first-half earnings estimate, AvaTrade closes its Poland branch, Devexperts targets South Korean brokers, and TradingView adds MCP for AI tools.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers iFOREX cuts its first-half earnings estimate, AvaTrade closes its Poland branch, Devexperts targets South Korean brokers, and TradingView adds MCP for AI tools.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers iFOREX cuts its first-half earnings estimate, AvaTrade closes its Poland branch, Devexperts targets South Korean brokers, and TradingView adds MCP for AI tools.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Can you memorise the textbook? That’s not necessarily the point.
Can you memorise the textbook? That’s not necessarily the point.
Can you memorise the textbook? That’s not necessarily the point.
Can you memorise the textbook? That’s not necessarily the point.
Can you memorise the textbook? That’s not necessarily the point.
Can you memorise the textbook? That’s not necessarily the point.
What matters is whether you can retain the information, understand it and actually apply it.
Take brokerage models. Knowing what a brokerage model is only gets you so far. What companies really need is an understanding of how to build one and how it can be applied.
That kind of practical understanding goes beyond simply reading a textbook.
#FinanceMagnates #FMAcademy #Fintech #FinanceCareers #ProfessionalDevelopment
What matters is whether you can retain the information, understand it and actually apply it.
Take brokerage models. Knowing what a brokerage model is only gets you so far. What companies really need is an understanding of how to build one and how it can be applied.
That kind of practical understanding goes beyond simply reading a textbook.
#FinanceMagnates #FMAcademy #Fintech #FinanceCareers #ProfessionalDevelopment
What matters is whether you can retain the information, understand it and actually apply it.
Take brokerage models. Knowing what a brokerage model is only gets you so far. What companies really need is an understanding of how to build one and how it can be applied.
That kind of practical understanding goes beyond simply reading a textbook.
#FinanceMagnates #FMAcademy #Fintech #FinanceCareers #ProfessionalDevelopment
What matters is whether you can retain the information, understand it and actually apply it.
Take brokerage models. Knowing what a brokerage model is only gets you so far. What companies really need is an understanding of how to build one and how it can be applied.
That kind of practical understanding goes beyond simply reading a textbook.
#FinanceMagnates #FMAcademy #Fintech #FinanceCareers #ProfessionalDevelopment
What matters is whether you can retain the information, understand it and actually apply it.
Take brokerage models. Knowing what a brokerage model is only gets you so far. What companies really need is an understanding of how to build one and how it can be applied.
That kind of practical understanding goes beyond simply reading a textbook.
#FinanceMagnates #FMAcademy #Fintech #FinanceCareers #ProfessionalDevelopment
What matters is whether you can retain the information, understand it and actually apply it.
Take brokerage models. Knowing what a brokerage model is only gets you so far. What companies really need is an understanding of how to build one and how it can be applied.
That kind of practical understanding goes beyond simply reading a textbook.
#FinanceMagnates #FMAcademy #Fintech #FinanceCareers #ProfessionalDevelopment
US Senate Blocks CLARITY Act; IBKR Links X to Trading
US Senate Blocks CLARITY Act; IBKR Links X to Trading
US Senate Blocks CLARITY Act; IBKR Links X to Trading
US Senate Blocks CLARITY Act; IBKR Links X to Trading
US Senate Blocks CLARITY Act; IBKR Links X to Trading
US Senate Blocks CLARITY Act; IBKR Links X to Trading
Today’s financial news recap covers the US Senate blocks the CLARITY Act, Interactive Brokers links X Cashtags to trading, and Match-Trade offers seven-day prop firm launch with Match-Prop.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the US Senate blocks the CLARITY Act, Interactive Brokers links X Cashtags to trading, and Match-Trade offers seven-day prop firm launch with Match-Prop.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the US Senate blocks the CLARITY Act, Interactive Brokers links X Cashtags to trading, and Match-Trade offers seven-day prop firm launch with Match-Prop.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the US Senate blocks the CLARITY Act, Interactive Brokers links X Cashtags to trading, and Match-Trade offers seven-day prop firm launch with Match-Prop.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the US Senate blocks the CLARITY Act, Interactive Brokers links X Cashtags to trading, and Match-Trade offers seven-day prop firm launch with Match-Prop.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the US Senate blocks the CLARITY Act, Interactive Brokers links X Cashtags to trading, and Match-Trade offers seven-day prop firm launch with Match-Prop.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Revolut KYC Incident; CoinEx Shuts Down
Revolut KYC Incident; CoinEx Shuts Down
Revolut KYC Incident; CoinEx Shuts Down
Revolut KYC Incident; CoinEx Shuts Down
Revolut KYC Incident; CoinEx Shuts Down
Revolut KYC Incident; CoinEx Shuts Down
Today’s financial news recap covers the Revolut KYC data incident, CoinEx’s shutdown, and Anthropic’s push into financial services.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the Revolut KYC data incident, CoinEx’s shutdown, and Anthropic’s push into financial services.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the Revolut KYC data incident, CoinEx’s shutdown, and Anthropic’s push into financial services.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the Revolut KYC data incident, CoinEx’s shutdown, and Anthropic’s push into financial services.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the Revolut KYC data incident, CoinEx’s shutdown, and Anthropic’s push into financial services.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers the Revolut KYC data incident, CoinEx’s shutdown, and Anthropic’s push into financial services.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews