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What Did The Covid-19 Pandemic Teach You Regarding Your Business?
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[QUOTE="Kendy, post: 230327, member: 63869"] The covid-19 pandemic came as a shock to the whole universe but it had a way of teaching me some vital things that even professionals did not tell me about. The pandemic kept the whole world at a stand still and so many business activities were erupted which affected the economy. I learnt that as a business owner, reinvesting all your profits is not an ideal solution. My point exactly is, nobody can read the future or know what it holds just as the covid-19 pandemic, which made businesses crumble. Prior to the time of the Pandemic, there are many people I know who reinvested all the profits they had been saving because they were longing to expand their business for the coming year buy unfortunately, the pandemic disrupted all the great plans they had in stock. The pandemic also taught me that, se selling on credits to customers is not the best way of customer retention. Three weeks before the pandemic rose, I had sold my products to customers on credit and they promised to pay up within a week or two weeks but due to the pandemic all of them who owed me money were having one excuse or the other. [/QUOTE]
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What Did The Covid-19 Pandemic Teach You Regarding Your Business?
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