An unprecedented event like the corona pandemic has put the
lives of many people and businesses at risk. The uncertainty of the event has
terrified many fear-stricken people. Businesses are waking up in a world where
the COVID-19 has been able to overtake the economy. Many businesses have lost
their balance for operating at a rate they would in normal conditions.
That’s when the emergency plan comes into the picture. Big
corporates have a specialized team for analyzing risk and how to manage the
business during emergencies like COVID-19. But small business does not have
such teams or an emergency plan either. So, what they can do is to prepare a
business for the worst case scenario, explore insurance options, spread ways to
minimize the effects of the pandemic, take care of your worried customers and
employees as well.
There are strategies aggressive actions that you can
implement right away. Also, be transparent and optimistic in your communication
over the different channels. Because more than 85% of people expect
transparency in these challenging times. Diversify and expand the supply chain
for your business. Offer a discount if possible because taking advantage of the
situation is not morally correct.
Read full blog here: How
to Survive your eCommerce business in the time of Corona Outbreak