Mypes: Learn about four ways to reduce expenses in your business after the protests in Peru

The social protests continue in the country and have been leaving havoc in the business sector Peruvian, especially in small and medium-sized companies. According to information from the Municipal Fund of Huancayo, the mypes that operate in the south have stopped selling by 40 to 50%.

In that sense, it is likely that the critical situation will continue and you will have to take measures to preserve your business. For this reason, Rosa Bueno, president of the Lima Chamber of Commerce (CCL), reported that if the social demonstrations continue, there will be no economic recovery in the country.

This is because, to generate employment, the economy needs to advance, at least 4%. Currently, our Gross Domestic Product (GDP) only grows by 2.9%.

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In this context, Antonio Horvath, CEO of Check WMS for SMEs, a specialist in mypes and technology, recommends the following: “If you want to digitize your business, look for digital solutions that are service platforms that cover the essential processes of your company and that the implementation process is short and simple. Also, the platform must be intuitive for operations and sales staff.”

Finally, have reporting to make better decisions, “he added.

It is likely that the critical situation will continue and you will have to take measures to preserve your business.

Given this panorama of crisis, Antonio Horvath shares some tips for your business to reduce costs and cushion losses during the political crisis that the country is going through.

Quote different providers: Evaluate the quality and price of your current provider, so that your investment in resources has the best profit margins. In the event that this labor collaboration is not the best, analyze other options.
Evaluate your inventory: If your sales have dropped in recent weeks, it is convenient that you do not purchase your products as you normally would. If your sales forecast is negative, reduce your supply. In this way, you will not lose merchandise, especially if it is perishable.
Hire part-time collaborators: Employing part-time workers reduces company investment. In moments of crisis, it is necessary that you hire only the help that is essential.
Digitize the possible fields of your business: Register your sales digitally, save a large investment in the use of paper. In the same way, digitizing your inventory will speed up your processes, reduce errors, boost your brand, and differentiate you from the competition.
Reconsider your prices: Evaluate the demand for your products, the availability you have to acquire them and the market competition. Based on this prior analysis, you can lower or increase your prices.