The RSPA has done research by speaking with their solution provider members regarding the pandemic and how it is effecting their business. After extensive exploration they found that successful businesses who are weathering this storm have the following 7 attributes:
- Strong Cash Reserves
- Low and or no debt
- They reduce their expenses at the start of the pandemic
- Diversified in their nitch
- Are considered trusted advisors by their customers
- Frequently engage with their customers
- Creatively adapting their products and services
Watch this video and learn how you can prepare yourself and business for the next recession and or pandemic.
