What should be your business priorities post lock down?
05-May-2020
Corona virus has not only affected our surroundings, loved ones, people, but also businesses and economies around the world. Although a consensus has developed around the utilization of remote operations and social distancing to slow down transmission in some high-pervasiveness settings, a couple of nations, for example, Sweden, are seeking after an option "crowd invulnerability" procedure concentrated on ensuring the most helpless populaces while utilizing just restricted removing measures to smooth the bend for other people. The objective is to maintain many aspects of economic and social life today and, over time, to create a large enough pool of exposed people (about 70 to 80 percent) to “protect the herd.” Other countries are closely watching the outcome of this approach.
The months ahead will likely be very unpredictable and dynamic. It presently shows up likely that a few spots will encounter a local resurgence as limitations are lifted and economies revive. That will impact nations at the most early stages. For instance, Singapore has seen a resurgence predominantly from imported cases, which have led to local transmission; this proposes restrictions on global travel may proceed. As China gradually reopens, the strategies it utilized (including group-based isolation models and setting a norm of wearing masks in the workplace) and their adequacy will inform approaches the world over. Western Europe's involvement with loosening up limitations, and the best methodologies there, will educate the methodologies sent in the United States.
So now when you are planning to revive your business again. What immediate attentions should be made to minimize future impact on businesses post lock down.
While this is a time for everyone to reset their lives, intentions and start with the new normal. For most entrepreneurs & business owners, this period is to...
Innovate & think
Discover the solutions / services that benefits the market realities as well as pair up with your business products & services. As some of the best start-ups ideas such as Whatsapp, Instagram, Uber were founded during the last 2008 recession.
Start Planning
Start planning for how to return back to resuming business activities to the new normal as soon and safely as possible.
Arranging for employees to continue to work from home for few more days would be advisable. All operations are not possible from work from home. But yes for those who can, should exercise this for more 15-20 days as a safety precaution.
Its time to go lean and cut off unwanted expenses. Those may include unwanted travels, gatherings. For instance, Get rid of unwanted expenses like an extra Internet connection, monthly subscriptions which aren't needed and so on.
Invest in Digital
Transform your business processes towards digital.
Enable cloud data storage, so that you can share files, images, ppt from any location, any time. An online Knowledge base and content management that will help you store data online and resahre same with your colleagues and employees.
Deliver products services to customers online and accept payment online.
Make recruitment process online and enable e-learning & training sessions for new employees, so they save on time and effort before resuming the work.
Monitor Business Operations
The major issue a businessman may face after lock down is unavailability of few suppliers or employees immediately after the lock down. Explore the alternate options as a backup plan. Who knows this could turn out to be a cheaper yet effective option.
- Cleaning of office premises regularly
- Adhoc health checkups of employees at office
- Maintaining social distancing as much possible for next 3 month.
- Understand employees and vendors issues so that they feel valued and cared and drive towards higher commitment.
Communicate With Your Employees
There’s likely a hesitancy to establish a routine level of communication with your employees as the uncertainty of the crisis continues but we cannot leave people out of the loop. Phone calls are better than emails. Write down your bullet points, start dialing, and commit to routine communication. Your employees will never forget it.
