Patrick Ow provides advice for businesses and organisations in the event that there is no COVID19 vaccine; everyone needs to create a pandemic survival guide.
What Can Businesses and Organisations Do?
Key questions to ask:
- How can the business conserve cash and boost liquidity to keep the business and organisation afloat and thrive over the next two years? Proactively managing the cash flow will be vital for the long-term.
- What will be new normal going to look like for my customers, business, and workplace? Take advantage of the opportunities presented due to changes in personal preferences and behaviours.
- How does the business need to shift, restructure, or reorganise to take advantage of the opportunities presented? A crisis is a good opportunity to innovate and make the required changes to reposition and shift for the upturn.