It is no longer news on how the 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵 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.

1️⃣ 𝗧𝘂𝗿𝗻 𝗔𝗱𝘃𝗲𝗿𝘀𝗶𝘁𝘆 𝗶𝗻𝘁𝗼 𝗣𝗿𝗼𝘀𝗽𝗲𝗿𝗶𝘁𝘆
In time of economic recession, like the 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵 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.

2️⃣ 𝗚𝗼 𝗗𝗶𝗴𝗶𝘁𝗮𝗹
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.

3️⃣ 𝗧𝗮𝗸𝗲 𝗖𝗮𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗧𝗲𝗮𝗺 𝗮𝗻𝗱 𝗨𝗽 𝗦𝗸𝗶𝗹𝗹
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.

4️⃣ 𝗛𝗶𝗿𝗲 𝘁𝗵𝗲 𝗥𝗶𝗴𝗵𝘁 𝗣𝗲𝗼𝗽𝗹𝗲 𝗮𝗻𝗱 𝗯𝗲 𝗙𝗹𝗲𝘅𝗶𝗯𝗹e
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.

5️⃣ 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀
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.

6️⃣ 𝗠𝗮𝗻𝗮𝗴𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲𝘀
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

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