As we welcome 2021, business continues to be anything but usual. Here’s a look back on our most popular business advice articles for 2020. Read on for tips on doing business differently, protecting your business and pivoting to a virtual economy — and for stories of how other entrepreneurs have risen to the challenges presented in a year like no other.
1. Getting Your Business Online: A Step-by-step Guide
It’s never been more important for your business to be online. Even if resources are tight, you can still get started — and allocating the time, money and people to do it right will pay off. Here is a step-by-step guide to help you get online, turn your website into an e-Commerce engine, and drive traffic to both your online and offline locations.
2. Preparing to Re-Open: A Checklist for Business Owners
Lockdowns due to COVID-19 have forced businesses to adapt, pivot or simply wait for things to get better. If you’re in a position to welcome customers onsite again, this checklist can help you open your doors safely and efficiently.
3. Five Cyberfraud Survival Tips to Protect Your Business in a Digital Workplace
2020 brought new and unprecedented business challenges – but also new risks. The rapid shift to new digital tools and remote work has fundamentally changed the landscape. RBC’s experts say now is the time for a cyber check-up.
4. Small Business Matters – Podcast series w/Tony Chapman
RBC teamed up with marketing legend Tony Chapman to create a new podcast series, Small Business Matters, that explored the challenges facing entrepreneurs, provided timely insights and offered much-needed inspiration.
5. Business Owner Burnout: Seven Tips for Managing Stress During COVID-19
As a business owner, stress can indeed propel you forward, but it can also hold you back from a healthy lifestyle, a clear mind, and an industrious path through a crisis. Taking care of yourself will help you take care of your business, your staff and the people who matter to you.
6. Managing Cash Flow in a Time of Crisis: Six Strategies for Business Owners
The ability to manage cash flow is fundamental to your company’s financial health. When you add in a global health crisis — and the fallout that has deeply affected businesses around the world — your command of working capital becomes both critical and considerably more difficult.
7. Five Ways to Help Small Businesses Survive and Thrive in the New Economy
Catch the highlights of RBC Thought Leadership’s in-depth report: Small Business: Big Pivot that uncovered ways businesses can be supported in these times.
8. How a New Profit Model Could Help Canadian Restaurants Succeed in a Post-COVID-19 World
There’s no question the restaurant industry was among the hardest hit in 2020. Watch this conversation with RBC’s Laura Davy and David Hopkins, President of The Fifteen Group, as they discuss ways restaurants can remain profitable while complying with capacity restrictions.
9. Business Scenario Planning in 2020
Businesses always operate under a certain degree of uncertainty, and planning for life’s “what-ifs” is critically important. As we continue to face the biggest what-if to date, scenario planning is a key factor in preparing your business for the future.
10. Five Ways to Get The Most Out Of Your Banking Relationship
Now, more than ever, it’s important to stay in touch with your bank. When you and your business financial advisor are on the same page, they’re in a position to help with potentially game-changing ideas and options – whether your business is facing challenges or opportunities.
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This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.
