Small Business Strategies Worth Adopting in 2021 | GoDaddy

Elizabeth Gore, Co-Founder of Hello Alice, reveals insights from a 2020 small business report of the hurdles faced and pivots made during an unprecedented year. Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe

0:16 About Hello Alice’s 2020 Small Business Insights Report
0:58 How to raise capital and small business funding
1:36 How to leverage your team for business growth
2:21 Importance of small businesses staying involved in networks

After doing an expansive, nation-wide survey for Small Business Week 2021, the data Hello Alice saw revealed the challenges overcome by small business owners in 2020 and business strategies that are well worth the effort. In this unknown market, new customer behavior trends will change how entrepreneurs run their businesses in the long run and remain flexible at any given moment. Those who started pivoting during the crisis are the ones emerging stronger than ever before. When it comes to raising capital, Elizabeth Gore says it’s crucial to apply for small business grants and loans like the PPP. She encourages entrepreneurs to not be afraid of rejection and not miss out on the diverse opportunities for small business funding. Strong talent and staying involved in peer networks will also help bring the support you need to stay afloat during tough times. Regardless of the unexpected twists and turns of 2020, entrepreneurs who had to close their doors are remaining resilient and looking for new ways to thrive with these new business strategies in mind.

References: 68% of businesses pivoted their business model in 2020. https://alice-data-production.s3.us-east-2.amazonaws.com/data_reports/Hello_Alice's_End-of-Year_Report_2020.pdf

33% of business owners say they need $10k - $25k in capital for their business to survive. https://alice-data-production.s3.us-east-2.amazonaws.com/data_reports/Hello_Alice's_End-of-Year_Report_2020.pdf

28% of businesses stated that hiring a talented team was the greatest help to their business. https://alice-data-production.s3.us-east-2.amazonaws.com/data_reports/Hello_Alice's_End-of-Year_Report_2020.pdf

87% of businesses expect their business to perform better in 2021. https://alice-data-production.s3.us-east-2.amazonaws.com/data_reports/Hello_Alice's_End-of-Year_Report_2020.pdf

92% of owners plan on hiring in 2021. https://alice-data-production.s3.us-east-2.amazonaws.com/data_reports/Hello_Alice's_End-of-Year_Report_2020.pdf

Learn more about Hello Alice: https://www.helloalice.com https://www.instagram.com/helloalice_com
https://www.facebook.com/aliceconnects

Resources for Small Businesses:
Venture Forward study: https://www.godaddy.com/ventureforward
Up-to-date info on COVID-19: https://www.cdc.gov
COVID-19 resources and grant information: https://www.covid19businesscenter.com

The information contained in this video is provided for informational purposes only and should not be construed as an endorsement or advice from GoDaddy on any subject matter.

#BusinessStrategy #SmallBusinessWeek #GoDaddy #SmallBusinessNewsandTrends

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