𝟲 𝗧𝗛𝗜𝗡𝗚đ—Ļ 𝗔𝗡 𝗘𝗡𝗧đ—Ĩ𝗘đ—Ŗđ—Ĩ𝗘𝗡𝗘𝗨đ—Ĩ 𝗖𝗔𝗡 𝗟𝗘𝗔đ—Ĩ𝗡 𝗙đ—Ĩđ—ĸ𝗠 𝗧𝗛𝗘 đ—Ŗ𝗔𝗡𝗗𝗘𝗠𝗜𝗖

It is no longer news on how the 𝗖đ—ĸ𝗩𝗜𝗗-𝟭đŸĩ pandemic has changed so many narratives and our lives in unimaginable and unprecedented ways.

For businesses across the world, it has been an incredibly tough time as many and thrive to jack back and many shutdown totally.

All of these has dampened the sentiments of optimistic businesses and Startups.

People have learnt new ways of working and collaborating in extremely short spans of time as crisis can be handled and sometimes even used as a catalyst to build a thriving and successful business.

All of these are learning experience and entrepreneurs have the opportunity to learn a great deal from this pandemic.

1ī¸âƒŖ 𝗧𝘂đ—ŋđ—ģ 𝗔𝗱𝘃𝗲đ—ŋ𝘀đ—ļ𝘁𝘆 đ—ļđ—ģ𝘁đ—ŧ đ—Ŗđ—ŋđ—ŧ𝘀đ—Ŋ𝗲đ—ŋđ—ļ𝘁𝘆
In time of economic recession, like the 𝗖đ—ĸ𝗩𝗜𝗗-𝟭đŸĩ pandemic, capitalize on strength and create new flexible business models to pivot without delay. Analyze why the sudden outcomes of sales drop and then customize sales products and presentations according to customers feedback.

2ī¸âƒŖ 𝗚đ—ŧ 𝗗đ—ļ𝗴đ—ļ𝘁𝗮𝗹
Amidst this pandemic, businesses that solely rely on offline location founds it very difficult to operate this period.Therefore, connecting with customers through social media, virtual communities, influencers etc is a must for entrepreneurs looking to establish themselves.

3ī¸âƒŖ 𝗧𝗮𝗸𝗲 𝗖𝗮đ—ŋ𝗲 đ—ŧđ—ŗ 𝘁đ—ĩ𝗲 𝗧𝗲𝗮đ—ē 𝗮đ—ģ𝗱 𝗨đ—Ŋ đ—Ļ𝗸đ—ļ𝗹𝗹
For any organization, team is the most important asset. There is no better way of motivating the employees than to make sure they are coping well during this harsh times.Always be available for the employees to understand their financial and personal problems. Provide them with solutions and skills to upgrade themselves in required areas of specialties.

4ī¸âƒŖ 𝗛đ—ļđ—ŋ𝗲 𝘁đ—ĩ𝗲 đ—Ĩđ—ļ𝗴đ—ĩ𝘁 đ—Ŗ𝗲đ—ŧđ—Ŋ𝗹𝗲 𝗮đ—ģ𝗱 đ—¯đ—˛ 𝗙𝗹𝗲𝘅đ—ļđ—¯đ—še
For every business to be successful, you must hire the right kind of workforce. In a time like this pandemic, entrepreneurs with the right kind of experience and flexibility to adapt can be an asset for any organization.Entrepreneurs just need to make sure that they hire the right people as its a great time to hire contratual staff as redundancies have made available a large pool of talent.

5ī¸âƒŖ 𝗗đ—ļ𝘃𝗲đ—ŋ𝘀đ—ļđ—ŗ𝘆 đ—Ŧđ—ŧ𝘂đ—ŋ 𝗕𝘂𝘀đ—ļđ—ģ𝗲𝘀𝘀
At this time as we all experienced, so many companies launched products that is not strictly on their alley but in response to the present need of the masses as imposed by the pandemic. This should not be viewed as a negative decision as it will not only help the company rake in additional revenue but also inceease on overall perspective and historic approach.

6ī¸âƒŖ 𝗠𝗮đ—ģ𝗮𝗴𝗲 𝗙đ—ļđ—ģ𝗮đ—ģ𝗰𝗲𝘀
Scores of businesses have been forcwd to meet their demise due to low funds during this pandemic. Therefore, protecting cash flow in a well-balanced professional manner is very important.

Identify ongoing expenses and which can be eliminated. Take it as an exercise to identify necessity and cut down on luxury.Please share this post to add value.#entrepreneur#pandemic#ighubafrica