Small Businesses

Reopening Your Small Business? Check These Tips

  • 5 min Read
  • May 11, 2020

Author

Escalon

Table of Contents

As many states begin easing their stay-at-home orders amid the coronavirus pandemic, entrepreneurs are preparing their businesses to reopen. But in many cases, that doesn’t just mean unlocking the door and welcoming people inside. Reopening requires significant planning and resources that every business should consider.

Before you open the door on the first day, take these steps into consideration to ensure you’ve thought of everything as part of your reopening plan.

Check Local, State, Federal Guidelines

Knowing when it’s time to reopen may not be as simple as hearing the governor declare that businesses can open their doors. Most states have phased reopening plans, allowing certain types of companies (such as construction or retail) to open in the first phase, with other types (like restaurants or salons) waiting a bit longer. In addition, municipalities and states have their own rules on occupancy, social distancing requirements, face coverings, sanitizing requirements and more.

If you’re having trouble figuring out which rules apply to your business, contact your local chamber of commerce for advice. They should be able to tell you the specific requirements of your area, and which federal rules also govern the responsibilities you have as a business owner.

Bonus tip: Once your business reopens, continue keeping an eye on these rules and regulations. It’s possible that new requirements might crop up and laws may change, so always stay on top of the regulations that guide what you must do to stay open.

Reach out to Employees

If you’re about to reopen, you probably need employees to come back to work, but that may not be as simple as it sounds. Some staff members may not want to return, others may want to but with limited hours, and still others could be sick or caring for someone who is. You should create a reopening plan with employee safety at top of mind, prioritizing what your staff members want to do and when they can return.

This is another area where laws might dictate what you can and cannot do. Some employees may cite the Families First Coronavirus Response Act in not wanting to come back to work, while others may point to local regulations that preclude them from working.

Evaluate Your Safety Standards

Depending on your line of work, you’ll need to institute safety guidelines at your workplace that could range from simple to complicated. If you’re the sole proprietor of a business that remotely handles IT issues, chances are that you never come into contact with any other people and therefore you only need to protect yourself. But if you are in a customer-facing environment or if you work with other people in the same office space, then safety will be paramount.

You’ll want to determine whether your staff members should be using personal protective equipment per the CDC’s recommendations, and you should be posting any new company policies that govern these decisions. For instance, if all employees must wash their hands upon entering the building, make sure that rule is posted everywhere for them to see. If you’re requiring customers to wear face coverings before entering your business, post that on the front door, on your website and on social media so they’re prepared before entering.

If you have to change the layout of your place of work, whether it’s an office environment or a storefront, now is the time to do that. You can move desks around, put tape on the floor to mark where customers should stand, put up glass partitions between employee desks or install whatever protection you need to keep everyone safe.

Check With Suppliers, Vendors

You may have one supplier that brings all of your products to you, or you might work with hundreds of vendors that produce your inventory. Either way, you’ll have to ensure that they are all still in business, operating and ready to provide your business with what it needs to continue operating. Not every third-party vendor will be in a position to operate as it did before the pandemic, and it’s up to you to find workarounds if that’s the case.

Once you know which vendors and suppliers are still able to support your business, check your inventory to make sure it’s adequate to start back up. Don’t just focus on the products and services you offered in the past — make sure there’s still a demand for those. If not, you may need to pivot your business model to provide customers with what they need in this new environment. In that case, find new suppliers or work with existing ones to ensure you’re ready to provide these new products or services.

Enlist Your Marketing Team

Once you’ve created a reopening plan, get the word out and ensure that everyone knows you’re about to be back in business. Place a note on your web page so everyone clearly sees your new hours and any updated guidelines on policies and procedures for entering your business. Share this information frequently on social media so your fans can see it, and ensure that you are available to answer any questions. Customers may be hesitant to come back into a place of business, but if you are clear about how seriously you’re taking safety, that should help ease their concerns.

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Accounting & Finance

The Importance of Financial Literacy for Business Owners 

Running a business isn’t just about having a great product or service – it also requires a firm grasp of...

Accounting & Finance

Tax Implications of Remote Work: What SMBs Need to Know 

The rise of remote work has opened exciting possibilities for small and medium businesses – access to a wider talent...

Leadership & Growth

Succession Planning: Preparing for Leadership Transitions 

Change is inevitable in business, and one of the most significant changes a company can face is a leadership transition....

Accounting & Finance

Sales Tax Compliance in the Digital Age: Challenges and Solutions 

The rise of e-commerce and digital business models has revolutionized how companies reach customers, but it has also added new...

Leadership & Growth

Implementing Lean Management Principles in SMBs

“Lean management” might conjure images of big manufacturing plants fine-tuning assembly lines, but the principles of lean are highly relevant...

People Management & HR

Developing a Competitive Compensation Strategy for SMBs

For small and medium-sized businesses, a competitive compensation strategy is key to attracting and retaining the talent needed to grow...

Accounting & Finance

The Role of Financial Reporting in Small Business Growth

Financial reporting often appears to be a routine exercise, but for small businesses, it can be the difference between reactive...

Accounting & Finance

The Impact of Accurate Financial Operations on Business Success

Financial operations encompass the systems and processes that govern every monetary aspect of a business—from managing payables and receivables to...

People Management & HR

The Benefits of Outsourcing Payroll for Small Businesses 

For many small business owners, running payroll is a time-intensive chore that requires meticulous calculation, familiarity with tax codes, and...