Running a business in times of COVID-19 is a fine balance of innovation and pursuing safety measures. The pandemic has left everyone cautious, and the next wave can prove to be devastating or go by without too much trouble, depending on what you do.
Here are 5 ways to keep your business safe during the next COVID wave:
Let Your Employees Work Home-Office If It’s Possible
Your employees’ health should take top priority since they’re mainly responsible for day-to-day operations. It will be easier if your company has switched to remote work before. If this is the case, then you should prepare ahead of time before any outbreak or wave is announced.
It may not be enough just to set up a WFH system. You can discuss this with your employees and gain invaluable feedback, as well as discussing what went well and what could be improved. Running remote work can add to the expense but it’s worth it in the long run. You’ll keep the operation going and can innovate or even transition to this flexible work type if need be.
As a business owner, it’s in your best interests to ensure your workers know how to use technology. Provide training and the tools they need to do their job remotely and efficiently.
Reduce Your Staff If It’s Needed
Staffing scenarios are mostly dictated by day, environment and business growth. The local government could also play a role in this by declaring that your company should operate under limited capacity or if it’s essential.
Preparing for the next wave means doing a staff inventory and considering your current payroll. In terms of managing your budget, you should regularly check to see if you have the right people and if they’re doing their jobs.
Hiring a worker who’s willing to get less is not always a good idea. They may not be as productive nor as effective in holding down a position. Staff reduction may be necessary in case the next wave of COVID hits. You could potentially lower the number of work hours or staff so you can continue operations.
Make a Website and Develop Your Business Online
If you don’t have a business presence online yet, now is the time to do so. More than half the world owns a smartphone nowadays, and internet connection has become a common and widely used commodity. People are looking to buy what they need online, which means you’re missing out on a significant money-making opportunity by not establishing a presence there.
Going online doesn’t have to be expensive at the start. You can begin by listing your business on Google Maps or Apple Maps, then create an account on popular social media sites such as Facebook or Instagram, among others. Nurture your presence by posting regularly and make sure you’re paying attention to what people are saying on social media. Respond as much as possible so you can establish a trustworthy reputation.
It’s also a good idea to set up a website you can call your digital home. Open up channels of communication and get into greater detail on why your products or services are unique. Along the way you can optimize your online platform by adding keywords and content that will get you noticed on major search engines.
Get an Online Loan If You Need More Money to Cover the Expenses
It’s not the end of the world if the next COVID wave hits and you’re financially unprepared. As long as there are signs of real growth and profits then you can continue operating and get an online loan to cover the expenses.
An online loan is similar to a bank loan but has the added advantage of being faster and more convenient. The money you get can be used towards establishing an online presence or for work from home setups for your employees. After getting approved you can pay it off using your business income and get a head start from competitors who have reduced their operating times due to the pandemic.
CashFlex is a trustworthy and licensed online lender with a long history of good service. With CashFlex you won’t have to worry about your business going under even when the next COVID wave hits.
