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The truly valuable thing, in Shaun Stenning's opinion, is to believe that the new normal will last for some time. As a result, your company would be better served by adapting and growing than by closing its doors.
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Shaun Stenning Business Tips To Implement In A Pandemic Shaun Stenning
Given the widespread disruption from the COVID-19 pandemic, nearly all companies are having to reassess where they fit in the market and what they might change to stay viable. But despite considerable headwinds, some businesses will find opportunities for growth by transforming themselves—sometimes radically, sometimes incrementally—in response to the pandemic. To keep your company healthy during the coronavirus outbreak and positioned well for success when it’s over, take advantage of these contingency and business planning tips. INTRODUCTION
Put health and safety first • If you’re a solopreneur or sole proprietor, prioritize your health first. Limit your travel and maximize home office communication and collaboration tools.
Assess the impact on operations • What will happen to your business during this crisis? To help answer that question, run best-case and worst-case scenarios and develop contingency plans for each.
Develop a communication plan to reach out to your clients, partners, suppliers, investors, and other stakeholders. Keep them abreast of your business policies at this time, any changes to operations, or new ways you can serve or collaborate with them. • Reach out
None of us knows what’s coming next or if we’ll face a pandemic like this again in our lifetimes. But it pays to have a plan to bring your business through emergencies like COVID-19 and ensure it’s in a strong position for recovery once it has passed. According to Shaun Stenning, “the truly valuable thing is to assume that the new normal is here to stay for a while, so better adapt and evolve than lower the curtain on your business.” Conclusion
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