4 Tips Small Businesses Should Include in their Post-Coronavirus Plans

Posted by Cedric Joshua Martinez

May 7, 2020 10:00:00 AM

A number of countries around the world are now easing their lock downs and small businesses are opening up their shops. While it is unclear how and when the Coronavirus will slow down in the United States, it is important for everyone to prepare for a world after the COVID-19 pandemic. Here are some things to include in your post-pandemic business plan.

Small business owner planning for post-coronavirus

 

Digitalize your processes

It is no secret that those businesses who were quick to digitalize were the ones who were able to weather the pandemic better. Digitalizing business processes enables you to access files and continue your tasks as long as you can connect to the internet.

Even if you are an early implementer of digitalization, you should check which processes can still be digitalized and how you can maximize working through the internet and cloud-based processes.

 

Review your data security protocols

The Coronavirus pandemic forced our employees to work away from our offices. While they are working using their devices and own connections, they are also more vulnerable to cyberattacks. Reviewing your data security protocols and guidelines will keep them informed on how they can protect your data from these attacks.

 

Explore your Work From Home options

One unintended outcome of the Coronavirus pandemic is that it revealed to business which tasks can be done remotely. Work from home arrangements opens up a number of opportunities to help your business increase efficiency and decrease the stress on your employees. Adjusting your guidelines and processes to accommodate work from home schemes can help you transition to this dynamic business setup.

 

RELATED: Government Support for Small Business During the COVID-19 Pandemic

 

Transition towards a greener and sustainable business model

The pandemic has shut down our operations and thus has given us plenty of time to evaluate how we do our processes. One of the best things we can evaluate is how ‘green’ our business is.

Climate change is still one, if not the biggest threat to our way of life. Scientists have long pointed out that climate change will bring more diseases and there is no question that another pandemic of this magnitude may emerge. Our efforts, no matter how big or small, will surely help address climate change.

 

The Coronavirus pandemic has changed the business landscape and how we approach our processes. It is important to plan ahead and learn how you can emerge from the pandemic as a more resilient and responsible business.

D&V Philippines is offering special solutions during the COVID-19 pandemic to help businesses navigate the ongoing crisis with accurate and reliable finance and accounting solutions. You may access our brochure here to learn more. You can also find out what makes our finance and outsourcing process unique by downloading our “Outsourcing: How to Make it Work” white paper below.

finance and accounting outsourcing ebook

Topics: Accounting for Small Business, Finance and Accounting during COVID-19

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