How To Keep Your Business Thriving During (And After) The Coronavirus

from Fast Company

Google. Amazon. Apple. These were some of the earliest corporations that mandated remote working because of COVID-19.

Since then, nearly all businesses have followed suit as national and global agencies recommend social distancing to curb the spread of the virus. For huge firms with seemingly unlimited resources and technology, this displacement may be nothing more than a minor inconvenience. Leaders of smaller businesses are likely struggling with a new reality where social distancing is a requirement, not a suggestion.

Previously, remote work was more a perk than a necessity for companies. Before the pandemic, just 41 percent of businesses globally had virtual office capabilities, which leaves a huge chunk of employees suddenly adrift in uncharted territory.

It’s unclear how long businesses will have to work through this new reality, but one thing is apparent: The executives who see this challenge as an opportunity will see their businesses thrive. Here are three ways you can make this outcome a reality for your company.

More here.

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  1. I think we can all agree that the pandemic most definitely destroyed businesses as a whole. The fact that people were laid off and their was no actually source of income from majority of households around the world; there was no way people had the funds to go to any business and spend money that was not had. This then forces businesses to shut down because there was no source of income to pay for bills as well as supplies. However, after reading the Fast Company article, “As the head of your company, take the initiative to be readily available in virtual channels. If your employees see that you’re accessible, they’ll be more likely to follow your lead and share their thoughts and ideas with you and their colleagues.” This was a helpful tip for businesses because since the start of COVID employees were either not use to remote work or they either had bosses that were not as available. Putting the needs of your employees first also means the business will run more efficiently and the company as a whole will not fail.

  2. It is apparent that businesses, both big and small, are still feeling the suffocating effects of the pandemic today. Therefore, it is important to both understand the issues they are enduring as well as endured throughout quarantine. The first step in solving any problem is realizing the problem itself. Only then can we begin to address these issues as a country. Businesses that thrived on customer base interaction were completely shocked to hear the news of the quarantine mandate, which completely stopped or halted their means of business as they once knew it. This forced many small business owners to fly the white flag in surrender, giving up everything they worked so hard for.
    The one’s who survived, however, were forced to change every aspect of their business model. This met an increase in the use of technological means to contact business partners as well as market their company. Some small restaurants and bars were supported by charity funds and government support. However, this was just enough to keep their doors open, and would still make the need for change considerable. The pandemic brought into effect changes that the world has never seen before. This allows me to believe that the only way that these businesses where able to submerge out of this dark hole caused by the pandemic was the ability to change and adapt to the new circumstances over time. This means staying connected with the company’s employees and business partners. The owners took what little they were given, and made the risk in keeping their businesses open. For that reason, they were shown success when the end of quarantine drew near.

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