Now that most of the places have opened up.
Government has decided to relax some of the rules after the 2 years living under COVID-19 threat.
Now it is the time to live with COVID-19 and the sooner we accept that, the earlier we can recover economically.
After such a long time in dormant and uncertainty, a lot of businesses have folded.
Those who can survive, also having issues with staffs and cash flow.
For those who have taken some prudent steps, they may be able to recover faster.
Those who can adapt and change the way how they do business, may stand a better chance to grow and reach the extra height.
- How many staffs left in the company?
- How much businesses are there for you to operate?
- Do you still in contact with your customers?
- How much cost required to restart the business?
- What have you done in the past 2 years to maintain the business?
these are some of the issues need to address.
- How many staffs left in the company
in the past 2 years, a lot of companies in their effort in keeping the cost down, decide to lay off some staffs, or asking the staffs to take half of the pay.
Some staffs might decide to call it a day at the company, so now if a company is trying to restart after 2 years, first they need to find out how many of the good staffs are still around.
2. How much businesses are there for you to operate.
It all depends on the line of business you are in. after 2 years, a lot of changes took place,
Whether your business model is still applicable and able to withstand the challenges now existing following the two years plus COVID-19.
3. Do you still in contact with your customers?
after two years in semi hiatus, whether your customers are still in business, or have already changed their business model to something more suitable post COVID-19.
If the customers who are still in business, may no longer in the same business before COVID-19.
Other customers may have closed their business.
4. How much cost required to restart the business.
Assuming you had decided to close your business, and now decide to restart the business.
there will be a cost involved to restart the business, whether this cost is worth spending or not, the owner of the business has to decide.
5. What have you done in the past 2 years to maintain the business?
If in the last 2 years, you just kept a minimum work force, just to keep the business floating and barely surviving.
You may have a chance to bring your business forward and get back to its previous status before the strike of COVID-19.
however if in the last 2 years, you were just trying to maintain the business, instead of taking steps to innovate and make some changes to suit the new normal, then the future may not be that bright.
With the opening of countries all over the world, post COVID-19 is an era for the new normal.
So if you still keep to the way you did business before the COVID-19 pandemic, you may face more challenges and obstacles.
I will talk about this in my next Lazypeopleguide.
For the time being, if you want to learn more, you may want to get a copy of my e-book for more details.
Alternatively, you can see how we can assist you HERE