Everyone has seen enough graphs by now so I won’t show you graphs. In this post, we’ll talk about getting back in business stronger than before. Most advice I see online for corona is about going remote. Let me remind you, the majority of economy can’t do remote and the economy won’t resume without them.
1. Hire a corona survivor
As we speak, at least 211,856 people have recovered from Corona already. They are the closest anyone can get to being vaccinated for Corona. They can help you restart the key operations in your business – even as simple as delivering important orders to your customers. Of course, only a minority of them are working age and they could be working somewhere else. But if you have a more pressing need, you can hire them. Regular hiring methods won’t work to find such a scarce resource. You need the full power of community. We can help – bountyhiring.com
Germany is already working on these lines.
- https://www.businessinsider.com/coronavirus-germany-covid-19-immunity-certificates-testing-social-distancing-lockdown-2020-3
- https://www.dw.com/en/germany-mulls-mass-testing-for-coronavirus-immunity-report/a-52940096
As we speak, 212k people have recovered from Corona globally. They are closest anyone can get to being vaccinated for Corona. They can help you restart the key operations in your business. #HireAHero #Restart
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2. You can remotize your business now
My friend works at a Qatar bank who have never done remote. Now they are struggling to onboard new employees. Which is sad because there are experts (some newly fired) who can set you up with a full virtual desktop solution for $50 a month per desk. Going remote isn’t that hard for at least some of your staff.
There are software solutions with enterprise grade security for all your needs. My expert friend recommends searching for “Citrix virtual desktop” providers. If you need help hiring a consultant or have questions, reach out to our support.
You still can remotize your business. There are experts (some newly fired) who can set you up with a full virtual desktop solution for $50 a month. #Restart
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3. Now is the best opportunity to refocus your business
Corona gives you an opportunity to reflect on your fundamentals.
If you had to pick just one statistic to reflect the health of your whole business, what would it be?
In the book Good to Great, Jim C. Collins explains how all the Great companies figured out this answer before achieving exponential growth. The answer doesn’t have to be literally one variable but this question generates some of the most insightful conversations your company will have.
For example, a global fast food chain figured out that the amount of corner real-estate area they own is their variable. Another company found that the number of foot-falls into their stores is their variable. Remember, revenue is an effect not the cause. Once you figure out the cause, money follows.
This is just one example for an exercise you can do as a company. Depending on your context, you can work on different parts of your business.
Corona gives you an opportunity to reflect and refocus your business. #Reflect #Refocus #Restart
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4. Remember that this will end
Don’t lose sight of the fact that this crisis will end. This is a great time to make strategic investments. Talent is super widely available to make your ideas happen.
A few ideas to consider:
- Standardise your processes
- Automate
- Buy inventory that’s selling below market price
- Create better communications for your offerings
Telefonica is doing exactly this in Peru by buying back $22M shares. Others are expected to follow.
Was that helpful? Share your feedback and ideas in the comments. Stay home. Wash your hands and wear a mask when you go out. We got this! 🙂
