Most of us have been at home for almost three months now (if we don’t count some Asian countries, especially China where all this started and who have had it worse, who knows?!). This pandemic makes us remember how we handled things so lightly back then in 2009, when the swine influenza began to spread around the world. Worldwide events like these have a huge impact on the economy, and compared to the A(H1N1) pandemic, Coronavirus has taken over the economy pretty fast and hard. We have already seen the effects of it, not only around the USA, but all around the world.
After the swine influenza attacked, most businesses started working faster. This means that the amount of time regarding the delivering of the product was greatly reduced, assuring high-quality products that customers were happy with.
This pandemic has affected all of us, but we can go through it if we think things carefully, and learn how to act on it. Through this post, we will tell you some advice that you might find useful for surviving as a business during this pandemic.
Emergency decision making team
One thing you should have already considered is to establish a team for emergency decision making. In fact, all businesses should count with people who are able to think about what’s best for the company during hard times like these. Remember to give this task only to people you know are capable, so you can acquire better results. This way, you can be sure that your business will be prepared to handle whatever problem appears during the crisis without any regrets.
Know your business at it’s worst
Get to know your business better. Yes, at this point, you should be very informed of what your business is about, however, things work differently during a pandemic. Even if it’s far away, you must be prepared if a pandemic is going to happen, because once it comes, a long time will pass until it says goodbye. Get to know what your business cycle are, how is the demand and how much you have lost or earned, all things that you think will help to battle the hit that affects the economy, and with it, everyone else in the world. Don’t wait for lock down to prepare an emergency plan, you better have a rescue plan along the way.
Look after your staff
It is important to look after your employees’ well being, both mentally and physically. According to a survey made by Deloitte, 82% of businesses say that flexibility is the most important thing to consider during professional gesture. Your business should be looking after the employees’ well being at all times, but during a pandemic, this task should be taken more seriously. Good gestures during hard time can be kept in your staff minds during long time much more that any normal situation, which will lead to more loyalty.
Make sure you are currently taking as much preventive measures as possible, especially educational ones. Prevention is the key to fight a pandemic.
If your business is currently able to help society in general somehow, then it’s a good idea to do so. Whether is just sending a message or helping those who are currently in need, anything you do to support the world during the pandemic will be taken into account, which means that your business will have a better image.
AlbertMay 10, 2020 at 07:20
I believe that knowing your business well should be the first thing to consider, after that having an emergency decision team can save your business.
Thank you for these points, will absolutely consider.
ZakMay 10, 2020 at 22:45
Hello Albert and thank you for your comment.
Yes, I do agree with your, knowing your business is a must in any niche and emergency teams are business saviors.