Save Florida Businesses: How to Find Business Resources Online
By Space Coast Daily // June 25, 2021
Florida is the fourth largest economy in the United States and has the third largest population nationwide, according to Market Insider.
There are 2.7 million small businesses, which represent 99.8% of all businesses in the state, according to the study The Impact of the COVID-19 PANDEMIC on Florida’s Small Businesses.
In May of this year, the percentage of open businesses in the state decreased by 36.4% compared to those existing in January 2020. Businesses that remain in operation are in a constant struggle to implement strategies to improve their revenues.
Obtaining capital for this allocation can be complicated, but accessing small business financing from financial institutions is an alternative to reach their financial goals and return to pre-pandemic numbers. Companies like Camino Financial offer small business financing without so many requirements and tailored to the applicant.
Use online resources to generate profits
Currently, small businesses in the state have been hit hard due to the Covid-19 pandemic and even though as of June 3, 2021, more than 17 million people have been vaccinated, business revenues are 28.7% below the numbers on January 2020, according to data generated by Opportunity Insights.
Resorting to technological tools such as software or online platforms is a viable alternative to increase revenues and stabilize the companies’ economy. Here are four online business resources that allow enterprises to improve their numbers.
Today’s business world cannot be understood without social media marketing. Using platforms such as Facebook, Instagram, Twitter or Youtube, allows companies to transmit their philosophy, values and present their products to their target audience. Using paid guidelines in the media or generating a comprehensive marketing strategy with a specialized agency are excellent alternatives to achieve the impact that brands need quickly and easily.
Hiring specialized marketing services is a budget that few companies have allocated, so turning to small business financing is an excellent option to publicize brands on social networks.
Small Business Administration (SBA) Website
The SBA is the U.S. government’s small business regulatory and support agency. Its website can be considered a gem for all entrepreneurs, as it has an online learning tool on important topics such as marketing, sales, and finance, to name a few.
Another aspect of relevance within the SBA website is the possibility of accessing loans or grants for business owners. The reality is that there are many requirements to apply for these benefits, but if the companies work in an orderly and fully compliant manner, they will be able to obtain them.
In case this goal is not consolidated, a more accessible alternative is to access small business financing in financial institutions, which will allow the empowerment of a company’s scope.
Fintech is the industry in which companies use technology to offer financial services in an easy, simple, and accessible way. The growth of this sector makes it possible for all entrepreneurs to access loans to grow their businesses.
The crisis caused by the Covid-19 pandemic has required the implementation of strategies to deal with the economic impact. Unfortunately, the management of new projects in small businesses is often done with pen and paper, and for that reason, they are often forgotten.
Using online project management software such as Asana or Workzone is an alternative to establish, develop, monitor, and achieve the goals and objectives that entrepreneurs set for their businesses.
Business owners in Florida and across the country must remain focused on returning to pre-pandemic sales levels as soon as possible. Their ability, resilience, and openness to new ideas will be key to achieving better revenues and growing the businesses they have established. The use of digital tools is a step into the future that every company in the world needs and must take.
Access to small business financing will make money less of an issue and allow business owners to focus all their attention on implementing new and better strategies to overcome times of crisis. We are near the end of the pandemic; entrepreneurs need to work hard to help their businesses emerge stronger from one of the biggest crises of mankind.