Diversification: Has the Covid Pandemic made you look into other things and diversify.
Have you downsized in areas and created new avenues for revenue?
Some companies have used the pandemic to thrive while others have struggled?
Questions to Ponder:
What are areas that you could look into to diversify?
What are areas that could be focused on?
What are areas that could or should be downsized?
Are there areas within your industry that could be added?
Are there areas outside of your industry that could be added?
Take a close look at your profit and loss reports and see where changes can be made or tweaked to up the profit margin and diversify.
Have fun with it!
Open communication to your staff and see what ideas they might have to offer and see where that goes!
