Development Bank of Canada – on resiliency of business in Wave 1 of COVID-19
A survey from the Development Bank of Canada Survey on Business Resiliency:
Of those businesses who made it through the initial shock of COVID-19, a survey of 1,000 businesses found that businesses who have survived have adapted “furiously” according to the CBC. Here are three highlights of the methods they used to become resilient:
- They adopted new technology practices to be more efficient
- They built up e-commerce and other sales avenues
- They have also found new partners and suppliers (often going to local suppliers – which helps those businesses again).
Banking sources report that some consumers have saved money during this pandemic and they are doing their part to put that money into the economy. As an example, there has been a 27% surge in renovation spending over last year.
Business Mentor & CEO at Grow Vantage & Ask For Directions Training
Business Mentor at Ask For Directions Training and Grow Vantage
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
Latest posts by Patricia Dent (see all)
- Women Positive – this week’s podcast: Imposter Syndrome - May 13, 2022
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