As we emerge into a world changed forever by COVID-19, we must prepare for the changes within our economy. As a business owner, we must ensure profits, performance and prepare for a future pandemic.
Entrepreneurs’ are known for their persistence and tenacity so it is not outside the realm of possibility that we can achieve profit, peak performance and equip ourselves better than most.
The follow are ways to ensure your business is pandemic ready:
Education and Prevention
One of the most important things you can do is educate your employees on the facts and organize a strategy for them to enforce those strategies without compromising themselves. Proper hygiene and encouraging sick personnel to remain home should be at the top of your list.
Provide the equipment needed and ensure managers are engaging in team building and morale boosting especially during a crisis.
This is a challenge for most small business owners but a key point to audit even without a pandemic on the horizon. Business functions need to continue in the absence of essential employees.
Ensure that your department heads, managers and assistant mangers are cross trained in the event they need to fill in for each other.
It has been a long-debated discussion that is now a necessity. Having the capability to work remotely and actually have employees’ practice that a few times a week is beneficial to the employer and employee. Use it as an incentive when hiring and as part of your pandemic strategy.
Remote employees’ comfort, ease and adaptability will help your entire team transition without pause.
If you haven’t invested in a CFO or CPA to review your financials, now is the time. The CFO’s duties include tracking cash flow and financial planning as well as analyzing financial strengths and weaknesses and proposing corrective actions.
Corrective actions now will help you run lean and add to profits. In the event of a pandemic you are prepared to make decisions based on real time data.
Having an effective plan to sustain ongoing communications and projects will keep your team focused on developments as the situation progresses.
During a pandemic your initial goal is to provide a sense of calm and an actionable plan to your team. Your team should be ready to take care of your current clients and then new clients.
As a business owner you are responsible for ensuring your business is pandemic ready as it is the best way you can serve others. Be prepared by educating your team, cross training, remote working, auditing and communicating.
As Benjamin Franklin said, “ If you fail to plan, you are planning to fail.”