Creating New Pricing Plans in reaction to Coronavirus Pandemic

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Reducing risk in your business to help you mitigate the impact of Coronavirus: In these unprecedented times, companies need to stay ahead of the competition and offer creative pricing of your product or service. So how can this be achieved: Offer discounts, bundled packages, phased repayment terms, monthly retainers, longer-term discounted contracts. Price is one aspect, your costs are the other aspect, both influence margin. Address fixed costs and transition to flexible costs. Negotiate with your suppliers’ new contract terms …

BEING AS EFFECTIVE AS POSSIBLE:

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Reducing risk in your business to help you mitigate the impact of Coronavirus. BEING AS EFFECTIVE AS POSSIBLE: New ways of working are challenging us all, often in a good way, and many of us may decide to change how we work in the future. Virtual meetings are the new norm. But can we still be as effective and productive as we were before the pandemic, some companies will not but many can adapt. Some areas of focus could be: …

Short Term Tactical Plans During Coronavirus

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(for those businesses able to continue trading).  Every business should have a long term strategic business plan, together with short term tactical plans to help achieve its strategy. Under current extreme stress periods these tactical plans will need to be re-written so as to adapt and to keep your business on-track. Some areas of particular focus should include: Minimising the potential health risk to all employees, customers and service providers (these are obvious should I include) Operate within Government guidelines …