COVID has hit hard, but there is hope for SMEs and the economy
The last few months have been a whirlwind, but local authorities, networking, and the right appointments can make a huge difference, and will give small and medium businesses a shot at success.
Image by Alexey Györi from Pixabay
The global coronavirus pandemic has caused the world to come to something of a standstill over the past few months. And even though some countries and regions have eased lockdown restrictions, businesses have still been hit really hard. The economy has taken a battering, and we could be heading for another recession. All in all, it’s a pretty scary time for everyone, and it’s even scarier when you are trying to run a small or medium business.
So many businesses have already had to shut during this time, and those that have managed to survive have often had to let many of their employees go. This is why it is so important to make sure you have options as a business owner, and try to make sure you do as much as you can to try to get through this pandemic intact.
A lot of companies out there are hanging on by a thread, and the time has come to take action and help these companies survive. National governments have dished out unprecedented levels of financial support for businesses and working professionals in a bid to quash the negative impacts of coronavirus on the economy. Trying to get the economy back up to some degree of normalcy has been so important, and this has been the focus for world leaders over the past few months.
Well, the good news is that there is certainly hope for SMEs as long as they take advantage of the opportunities that are available. This means you are going to need to make sure you do your best as a business owner to capitalise on these ideas, and try to use them to keep your head above water.
Entrepreneurs and business owners should get in touch with the government and take advantage of the furlough scheme as well as the business grants and loans that are on offer, as these can really make a big difference to the financial future of the company.
Additionally, the right appointments within businesses and industries can have a massive impact on the future of the company and the industry. For instance, in Ireland, lobby group Aircraft Leasing Ireland, which works with lessors who lease aircraft around the world, has appointed Declan Kelly as chairman. Beginning his career with Aer Lingus, and subsequently becoming executive of GECAS, Kelly is the perfect candidate to help Ireland’s aviation industry bloom once again.
Indeed, Aircraft Leasing Ireland supports 5,000 jobs and generates more than €500 million for Ireland’s economy, making it essential for a lot of businesses and entrepreneurs out there. It is important appointments like this that can prove to be game-changers for a lot of the businesses and business owners out there.
There are plenty of things that can help shape the business world during this pandemic, and it’s clear that plenty of local authorities and business networks can help play a major role in this process, as well as helping to make small businesses more successful.