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Jul 10, 2024 - news.bensbites.com
In early 2020, the author and their colleagues formed volunteer consulting teams to assist local businesses struggling with pandemic restrictions. They provided free support, analyzing financials and creating emergency action plans to boost revenue. One such plan involved tracking recurring medicines sold by a pet store and reminding clients when it was time for renewal.
The implementation of these recommendations resulted in a significant financial turnaround for the businesses. Specifically, the pet store saw a revenue increase of 65% following the implementation of the strategies suggested by the volunteer consulting team.
Key takeaways:
In early 2020, volunteer consulting teams were created to offer free support to small businesses struggling with pandemic restrictions.
The support included analyzing the businesses' financials and developing an emergency action plan to increase revenue.
One of the strategies was to keep track of recurring medicines sold by a pet store and reminding clients of renewal time.
After implementing the recommendations, the client saw a revenue increase of 65%.
