The COVID-19 pandemic is crippling and toppling many U.S. small businesses. Often called โthe backbone of theย economy,โ small businesses that are managing to survive face an uncertainย future.
As states start to reopen, consumer spending is in steep decline while unemployment skyrockets and many people remain hesitant to venture out. But RJon Robins, founder/CEO of How To Manage A Small Law Firmย (www.howtomanageasmalllawfirm.com), says someย entrepreneurs find their businesses in trouble because they had the wrong mindset toward customers all along.
โSmall business owners everywhere are infected by pandemic thinking,โ Robins says. โBut they were infected with this thinking before the pandemic. Itโs only now the strategic weakness of short-term, fear-based, transactional thinking in all different kinds of businesses is becoming more obvious. Pandemic thinkers ask the wrong question, โWhat can you do for me today?โ Rather than, โHow can we work together to build a long-term mutually-profitable relationship?โ
โBusiness owners who built long-term relationships with customers and clients can weather this storm. Those who didnโt think this way before can adopt elements of this kind of thinking and theyโll start seeing the benefits almost right away.โ
Robins offers small business owners three tips on how to develop long-term relationships that benefit both customers and businesses:
When first meeting, look ahead at the relationship 10 years from now. โThe scale of a personโs thinking has a lot to do with whether they win the game,โ Robins says. โLook for all opportunities to be of service, even in some small way, to earn the right to call the person a client. Every deal doesnโt have to be a grand-slam. Just get on base. Just get into the game. That way you can discover opportunities to be of greater service and have a client for life.โ
Show you care. โA lot of people donโt know how to show that they care. Ask yourself when is the last time you called to check on a former client to find out whatโs happened in their life or business since the last time you did business together?โ Robins says, โWhat are their plans for the future? What can you take off their plate and help them with today even if what they need is just someone to help them think things through? Good relationships built over time are especially evident during the pandemic. Ironically, though, a pandemic is a perfect time to begin a marketing campaign like this and besides, you probably have a lot of free time on your hands anyway.โ
Have a long-term business plan. โA business being run without a 12-month, forward-looking budget is like a car being driven with a windshield covered in mud, and on an unfamiliar road with no particular place to go,โ Robins says. โA business that is being run without weekly cash-flow projections is like a person stumbling around in the dark in an unfamiliar house. To take an active, consistent interest in your clients and develop programs encouraging them to keep coming back, it helps to have a long-term written plan for your own business.โ
โBusinesses generate revenue by solving problems for their clients and customers,โ Robins says. โAnd right now thereโs an abundance of problems, which is another way to say thereโs an abundance of opportunities. Whether you already have or decide to begin developing great long-term relationships with clients, itโs an investment that will pay long-term dividends.โ
________________________________________________________
RJon Robins is founder and CEO of How To Manage A Small Law Firmย (www.howtomanageasmalllawfirm.com), the leading provider of management servicesย for the solo and small law firm market. In 2019, How To Manage a Small Law Firm wasย named byย Inc.ย as one of the 5,000 fastest-growing privately-held companiesย in the country for the fifth consecutive year. A graduate of American University and Nova Southeastern College of Law, Robins is a member of The Florida Bar and The Association of Certified Fraud Examiners.
business planning COVID-19 impact on business economic development global trade pandemic small business owners small businesses
Thereโs no reason to delay the life you want to live.
Find out how we can help you double your revenue in less than 18 months. Click here to schedule a complimentary discovery call with our team.