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Mar 28, 2024 - news.bensbites.co
In early 2020, the author and their colleagues formed volunteer consulting teams to assist small businesses grappling with the onset of pandemic restrictions. They provided free support to local businesses, helping them navigate the initial stages of lockdown. The author's role involved analyzing the financials of these businesses and devising comprehensive emergency action plans to boost their revenue.
One such innovative idea was to monitor the sale of recurring medicines by a pet store and remind customers when it was time for renewal. This strategy, along with other recommendations, resulted in a significant 65% increase in revenue for the client.
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 financials and developing emergency action plans to increase revenue.
One of the strategies involved keeping 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%.
