In February 2020, it was estimated that the coronavirus outbreak would affect as many as 5 million companies across the world. Now, with the spread of the virus has reached new heights, the impact of stay-at-home orders, social distancing, and business closures are having an even more unfortunate impact.
In the United States, for instance, roughly a quarter of small businesses could be out of business by the end of May or even earlier, according to the U.S. Chamber of Commerce.
Why you need a Business Coach and Mentor?
Now, more than ever, small businesses need the help of a professional Business Coach to make sure their mission, finances, and operations remain on track even amongst the devastating effects of a global pandemic.
What is a Business Mentor?
These mentors can be anyone you trust with knowledge, experience, and the ability to offer guidance. In many cases, Business Coaches act as Mentors. Either way, any small business is going to need one in order to:
- Receive guidance when developing and carrying out a disaster plan;
- Take advantage of financial advice that could make or break a business;
- Make plans for expansion and growth even during changing times.