Over the past few weeks, the world has drastically changed. The spread of coronavirus and Covid-19 has resulted in global pandemic and resulted in many countries minimising crossing over their borders and asking their citizens to socially distance and socially isolate. This has changed many things, including how your business is likely to be operating. Rather than having people in your office spaces, holding meetings and meeting with potential partners, you’re now likely to have everyone working from home and major operations may have been put on hold. You can’t ship products as easily and effectively. You can’t meet with anyone. You can’t have your staff in the office. On top of this, many people are buying less, as they’re worried about their own incomes and don’t want to fall into debt themselves. This means reduced turnover and, consequently, reduced profits. But when it comes down to it, there are still a number of things you can do to help your business stay afloat during these difficult times. Here are a few to consider.
Look Into Government Help
Governments around the world are helping their citizens through this tough time with a number of schemes and initiatives. Some are offering grants, others are encouraging businesses to furlough staff and are subsidising employees’ salaries. When it comes down to it, you need to keep on top of what help is available and apply for anything that is applicable to you. This can help a lot.
Continue Foreign Trade and Relations
Sure, you might not be able to jet off and hold meetings with partners overseas. But you can maintain business relations. There are various different types of video call software that can be used to efficiently hold meetings and money can still easily be transferred to seal deals. You can even send money to South Korea easily.
Be Flexible with Your Working Routine
Many of your employees may now be working from home – if they can and you are able to provide everything they need to be able to do this. This is going to be a relatively big change and you may have to be more flexible with your working routine, targets, expectations and other aspects of their day. Eventually, everyone will settle into their roles. But it’s a good idea to keep on top of how your employees are doing. They may be able to make recommendations for changes that will make their new working set up easier, such as software like Microsoft Teams, which makes communication between remote workers a whole lot simpler and significantly more straightforward.
Consider Putting Things on Hold
If you are able to, you may want to put your business on hold for the sake of everyone’s safety. The less people there are out and about working, the slower the virus will spread. Ideally, only absolute key workers should be out right now.
Sure, things are going to feel a little strange and you may have to be more lenient with running your business. But all in all, it’s of the utmost importance that everyone stays safe right now!
