This week we learned a lot about the sustainability of a business, and I was intrigued to find that starting a business is likely the easiest part of it all. There is so much more. As I frequently relate back to my own experience this semester leading a PR team for a nonprofit organization, I have seen in our evaluation stage that setting goals and objectives require a check-in, or a checkpoint (as we learned this week), in order for success. Benchmarks are key. Initial motivations can easily be forgotten when you are caught up in the planning and execution parts of the business model, as those steps are equally important.
With COVID-19 happening all around us, learning about how the entrepreneur must stay on top of initial goals is wise information. For my team specifically, we chose to implement a tactic that included building relationships with corporate social responsibility officers. With COVID, this has made our implementation nearly impossible. While we can offer our client the steps to succeed once this is over, we cannot effectively provide them with as many connections and partnerships as measured with our initial research with so many worldwide changes. As I learned today, diversifying not only your revenue streams, ideas and target audiences, but also your means of achieving this success, is a smart business move. Because I did not have a full sustainability plan for my campaign, we have to figure it out step-by-step. Moving forward, I will reference the information we discussed this week to ensure a better, realistic and more sustainable “Plan B” for the future.
