More than 50 days after the first case of coronavirus was announced in the country, businesses are struggling to find continuity and at the same time adhere to new regulations from the Ministry of
Health.
Health.
Businesses
that require a personal touch and human presence such as restaurants,
night clubs, salons and barbershops have been affected the most.
However,
with the government now allowing restaurants to open for business, it
is important for entrepreneurs to have a strategy in place both for
their employees and customers.
Here are some tips that businesses could employ during this pandemic to make life easier.
UTILISE THE POWER OF THE INTERNET
Now
more than ever, businesses should embrace the use of internet and
technology for their operations. Restaurants should set up online
delivery channels for their products if they don't already have this.
Other service-oriented businesses could set up a booking system for their customers.
Several
supermarkets have partnered with various delivery mobile applications
that allow customers to shop from the comfort of their homes.
This
is also the perfect time for businesses to make their online portfolios
by marking their presence on the internet, especially on various social
media platforms such as Twitter, Facebook and Instagram.
Not only is this necessary during the pandemic, but it will also continue to yield dividends for your business in future.
COMMUNICATE WITH YOUR CUSTOMERS
Businesses
should take this time to consistently remain in touch with their
clients to foster trust as well as offer reassurance of the quality,
safety and continuity of their services.
As most people are working home, the internet, including social media, has become a vital source of information for many.
Businesses
can set up their profiles on platforms such as Google My Business which
allows customers to know if the business is still operational,
including if customers can access in-store shopping or delivery
services.
Businesses can list their hours of business
as well as pass along important information like what safety precautions
the business is taking, updates on what products and services are
available, and whether customers can expect delays.
COMMUNICATE WITH YOUR SUPPLIERS
The
Covid-19 pandemic has affected the economy in a significant way and as a
result, many businesses including suppliers have been adversely
affected. With that in mind, it is important that business entities have
robust and frequent communication with their suppliers.
This
will allow companies to plan stock inflow and outflow depending on
customer needs as well as be on the same page with suppliers on how much
they can supply and if there will be any financial challenges along the
way.
REVIEW OPERATIONAL RISKS
With the pandemic, risk factors for businesses have completely changed and this calls for a change in tack.
Even
if a business entity had an existing risk assessment, it may no longer
be suitable in the current situation. As a result, it is important that
businesses which are currently operational to assess all their
operational aspects and create a checklist to ensure that both employees
and customers are safe.
Businesses can do this by
providing handwashing facilities, enforcing social distancing measures
at their premises, conducting temperature checks for employees and
customers and limiting the number of people.
In
addition, business entities will need to be more flexible and willing to
change the way they operate, including being open to offer delivery
services as well as change their hours of operation. Businesses also
need to re-assess their financial risks and find possible solutions for
them.
If need be, speak with your bank or other
financial institutions regarding the extension of your loan repayment
period. It could also be important to discuss new loan arrangements.
CONCERN FOR EMPLOYEES
The
pandemic has affected everyone’s lives, this includes business owners
and their employees. As a result, businesses need to show concern for
their staff.
Although revenues for most businesses have plunged, it is important that business owners be considerate of the plight of their employees.
Although revenues for most businesses have plunged, it is important that business owners be considerate of the plight of their employees.
If the business has temporarily closed down,
employers should consider making decisions that will not completely
hurt the employee. For example, business owners, in the meantime, may
choose to send their employees on leave or slash their salaries by a
percentage instead of completely laying them off.
For
entities that are still operational, employers should guarantee their
employees' safety at work, including providing handwashing facilities,
sanitiser and personal protective equipment such as facemasks and
gloves.
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