covid-19 pandemic

What Business Steps are you Taking to Survive a COVID-19 Pandemic?

Since the start of 2020 up until now, you can’t fail to notice how the covid-19 pandemic has literally shaken everyday living. Some businesses have closed down their shops and therefore suffered huge losses; others have opted to lay off their staff as a countermeasure to remain afloat. In almost every country, it appears that no one was adequately prepared to face what was coming in 2020. However, stringent measures and regulations have rolled out over the past few months, which have played a vital role in bring the infection curve down.

Great news is that even in the midst of such a devastating crisis, you can’t help but wonder the resilience exhibited by people around the globe, as they strategize and come up with solutions to help them adapt to the “new normal” way of living.

Such resilience although seen in other spheres of life, nowhere has it shown great promise than in the business and technological world. The development of tools to bridge the gap between people, and the ingenious invention of systems that support flexible movement of both goods and services will no doubt prove extremely important this year.

 

Impact of COVID-19 on Small & Medium-sized Businesses

 

There’s no question, COVID-19 pandemic has paralyzed the entire world causing both people and the global economy to suffer in the process. This is more evident now in that many physical companies are closed, while other business sectors continue to suffer losses due to a low demand for both their services and products. It has destroyed most areas of small and medium-sized businesses globally.

Initially, it begun by affecting travel companies, hotels, restaurants, bars, retail and the entertainment segment. People lost not only money, but also work as well. For example, in the United States, according to analysts’ optimistic estimates, over 37 million people may lose their jobs, primarily in the restaurant segment, retail, and education.

For the survival of many small and medium-sized businesses, they have been pushed to get help from the state. Such measures have already been implemented in several countries around the globe. A good example is Italy, which compensated 60% of the rent dues for the month of March. Similarly, self-employed workers received €600 in compensation for the March losses, and companies whose turnover fell by more than 25%, the government partially compensated for the damages.

Such measures will definitely continue to help, but the question remains – where will the governments of the world get the required funds to continue supporting such causes? Already, with the mandatory quarantines and curfews in effect in many places to slow down infection rates, does not seem to offer a lasting solution to the problem.

And if it does, no doubt it will take longer to provide a sustainable covid-19 economic recovery plan that people are yawning for.  And that’s why it’s necessary to develop lasting solutions that will addresses this crisis once and for all.

 

Remote work for Organizations today

 

Recently due to the threat of Covid-19, many large companies such as Microsoft, Amazon, and Twitter, have recommended that their employees work from home. Thousands of individuals worldwide also remained in self-isolation or quarantine to stop the spread of the disease.

The present situation within the world has revealed the difficulties faced by many companies prior that were not supporting remote work or maybe performing a big a part of their work online.

Of course, not in every area of business, an entire transition to remote work is feasible. However, some of the rear office functions are often transferred to the remote mode even for industries that traditionally required employees to be present at workplaces.

Employers need to understand that both employees and corporations faced a standard challenge and must find an appropriate solution through joint efforts.

 

Boost productivity and remote collaboration 

 

Nevertheless, there are pluses in all of this: Our business provides both professional b2b and b2c services across the world. We offer a range of virtual assistant services to both individuals and businesses in multiple affected sectors. Several companies have already approached us looking for solutions to the problems encountered in the field of communications.

We also have a rather long product cycle, and therefore, some of our consulting projects have been launched for a long time and are not dependent on market conditions. Our primary services include; administrative and operational support, search engine optimization, Social media management, web research, data entry, graphic design, web administration and content management.

 

The new normal for companies in 2020

 

Remote work for many companies seems to be the ideal scenario in the current situation, providing a harmonious balance between work & life. Today’s best technologies are offering automation features, which help in productivity growth, lower costs, building a strong team, and creating a positive work environment with the help of tools and software.

  • Laptops & Other Remote Work Tools

When it comes to switching to remote work, the main priority for all employers was the speed with which to ensure that employees worked from home. Therefore, they had to provide open access to their internal resources, allow employees to take office computers home, and urgently purchased laptops and other remote work tools to continue their work.

  • Means of virtual communication & collaboration 

Virtual interaction and communication are the inspiration for a successful working strategy. An active discussion of labor task requires the power to form calls and send emails. But video conferencing and chatting in virtual chat rooms are gaining more and more popularity.

Video conferencing allows not only to ascertain the interlocutors, but also to configure the presentations so that each of them can share their files and materials, if necessary, providing a full-fledged joint interaction like a face-to-face meeting. Company chats, like Slack, Google Meet and Zoom will help resolve issues for the remainder of the time.

  • Tools for Project Management

Project management within the case of remote working employees can become an enormous headache, if you are not using the right collaboration tools. On the contrary, if you are using appropriate tools for collaboration, the stages, and stages of the project will be visual. Therefore the work won’t require the private presence of every one of the participants at the workplace. Some of the best tools are MS Team, Asana, Trello, Monday and BaseCamp

  • Social Media Tool

Social platforms have introduced many new features specifically to assist small businesses to survive in the wake of this pandemic. Many company have decided to shift online and took further steps to enhance their survival.

 

Closing remarks

Whatever tools you business chooses to implement its remote work strategy, it’s imperative to configure the company’s IT infrastructure, so that employees’ interaction and work are no longer connected to the company’s office and depending on the 9 to 5 work schedule.

Remote work provides the worker with the required tools to fully optimize their working time. With the right tools, they’re going to feel more informed, creative and active. And as a result, the company will still operate generally under any external circumstances.