Coronavirus: Caring for your Business

This season is really difficult for businesses all over the world. While some are out of goods, some have not been able to operate wherever they are. This has taught business owners and the world at large a lot of things including Risk Management.

Risk Management is an important element in business that helps the business thrive and secure them during any unforeseen circumstances that might threaten to hold the business down. There are several ways by which your business can be taken care of in this season:

1. Create a system around your business: At this point, brands should secure viable ways by which customers would still get products and services safely without starving them of what they've always had from you. Operate a delivery system where people can order and still get what they need and also plan well, how you want to get the product to them in this time.

2. Be there for your customers: At this time, a lot of businesses will collapse and close down because they would lose customers due to negligence. Your brand should not always ask all the time for patronage, they should also get to know how customers are doing and what they can do to serve them in this time.

3. Recharge and Recreate: This is also a time to recharge yourself as a CEO and also get your workers recharged so they do not lose the vibe to work and they also come up with great ideas even during this break. Chances are that a lot of workers would find it difficult to resume once all this is over and so a structure that helps them recharge and recreate would do a lot.

4. Keep in touch with your workers: Imagine you resumed work and you found out that five of your workers had the virus and you never knew, how would you feel? Sad, yeah? That's it. You have to check up on your workers. How are they faring? What's their current situation? What if you just called or emailed them to let them know you care and wouldn't mind listening to them? This should just be an act of love but it's more than that— it would create a bond and also get you to become supportive.

5. Read the points again.


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