3 tips to help support your small business’ road to recovery from RBC

As the COVID-19 vaccine begins to reach Canadian communities, many small business owners are viewing 2021 as the year to shift from crisis response to rebuilding and recovery.
08/04/2021

As the COVID-19 vaccine begins to reach Canadian communities, many small business owners are viewing 2021 as the year to shift from crisis response to rebuilding and recovery.

“While the pandemic continues to pose uncertainties, it’s important that business owners do not remain idle,” recommends Lori Darlington, vice president of small business and strategic partnerships at RBC.

“This is a critical moment to proactively reflect and start thinking about changes and actions you can take today to better position your business for the future.”

For those looking to prepare for their small business’ recovery, consider these three tips:

1. Explore all available relief programs.

Many initiatives – including the Canada Emergency Business Account and EDC and BDC Business Credit Availability Program – have updated eligibility requirements throughout the pandemic. Be sure you’ve checked the latest updates as these solutions can provide the critical temporary relief your business may need as vaccines continue to make their way to communities.

2. Speak with financial experts.

Reach out to your financial partner to proactively discuss your cashflow and recovery plans, as well as flexible credit options. Sharing details on your company’s situation will help bank advisors provide financial and business solutions tailored to your unique circumstances.

3. Focus on what you can control.

Take this opportunity to strengthen relationships with your employees, customers and community by helping to protect their health. In addition to adhering to physical distancing and sanitation requirements, explore resources that may be included in your payroll software or health benefits to support your employees’ mental well-being. Protecting your greatest asset – your human capital – will have a tremendous ripple effect on customer loyalty, brand reputation and operational resilience.

Find more resources at rbc.com/smallbusinessnavigator.

2 Responses

  1. Your site looks great but I did notice that the word “Tumeric” appears to be spelled incorrectly. I saw a couple small issues like this. I thought you would like to know!

    In case you wanted to fix it, in the past we’ve used services from a websites like HelloSpell.com to keep our site error-free.

Leave a Reply

Your email address will not be published. Required fields are marked *

Get featured

The Creative-Thinker’s magazine.
Get Featured Today!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to INSPADES NEWS

newsletter.

Buy our writers
a coffee

We are a community-base website. Making a small donation will keep our writers able to write and focus on news. We will match dollar over dollar your donations and divide them equally to all our writers. We thank you all readers and donors for keeping us afloat during these hard times.

Buy me a Coffee

Become a Contributor

If you want to submit your story, get in touch with our editorial team at info@inspadesmag.com or click the button below: