4 Tips to Keep the Business Afloat During the COVID-19 Pandemic

4 Tips to Keep the Business Afloat During the COVID-19 Pandemic

4 Tips to Keep the Business Afloat During the COVID-19 PandemicThe COVID-19 crisis has forced most businesses to reach a new critical phase. Certainly, the main aim is the containing and mitigating the disease itself, but the economic impacts are also significant. Many companies already react to the rapidly unfolding events and try to adapt to them. Here are some tips for keeping the practice in business during the COVID-19 pandemic.

Clear plan and rapid decision-making

It is imperative to establish a clear plan of actions, chain of command and rapid response in the current unstable and dynamic environment. Constant evaluation of the situation and assigning a response team or a person to navigate in arising issues faster and more efficiently, and giving them enough leeway to make rapid tactical decisions are a must to consider. Timely and accurate data and decision making will help avoid delays, errors and extra work.

Safety precautions and health maintenance

All managers primarily are concerned about employees’ health and workplace safety. Now this issue is most acute and significantly affects the entire workflow and the business. If possible, transfer employees to remote work. (Read the post with essential tips for remote work). As the COVID-19 crisis evolves, many special practices and protocols of the virus prevention and workplace safety appear. Use them for stable and safe operations. Pay particular attention to verifying compliance with these measures and the reporting.

Financial contingency plan

Revise the financial plan. Consider delaying some payments, temporary suspension of bonuses or other encouraging payments. Consult with creditors and monitor any special solutions of financial support and economic relief packages for businesses and workers affected by the outbreak. For example, the U.S. Small Business Administration (SBA) has begun to administer the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program. Also such organization as the United Way has created COVID-19 relief fund which may provide additional funding.

Digital tools’ support

Digital tools such as mobile apps can support a lot of operations and sync the whole team outside the confines of a physical office. Task assigning, management and tracking; generation of work orders, estimates and invoices; data collection, processing, analyzing and reporting; etc. Business apps can help continue some projects, work with various types of data, and also keep the team up to date.

Business apps for continuous and efficient operations

Snappii is the leading provider of multifunctional business apps for such industries as construction, warehousing, field service, transportation and more. Thanks to Snappii apps specialists can fill in pre-made mobile forms with various data, generate and submit reports, communicate, track operations, etc. Empower your workers with a small, smart tool to avoid face to face interactions and group meetings. Snappii team is able to create your own app according to specific needs. For example, we can easily convert your existing forms to the app.

When the urgent part of the crisis has been navigated, companies should consider what they’ve changed and learned. Mobile business apps can continue to provide tangible benefits. This way, now is the best time to move to mobile business solutions. And Snappii is the best assistant in this field. Contact us with any questions.

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