In the Last months of 12019, a respiratory disorder brought about by a novel (new) virus named Coronavirus. It was first identified in China and afterward, has recognized in more than 100 countries universally and increasing day by day.
The bacterium has named “SARS-CoV-2,” and the disease or infection it causes has been called “Coronavirus Disease 2019” (shortened “COVID-19”).
The growth rate of this virus is increasing, and on March 11, COVID-19 has declared as a Pandemic by WHO. And at this time, the chances of increasing this dreadful virus are raised, and the worst part is that still now there is no vaccine and medication is approved to protect from and treat COVID-19.
This outbreak, which started in China, has infected a large number of population. Its expansion in other countries of the world has left businesses and companies around the globe, counting costs.
So this article is for business owners and employees to provide an outlook of the effects of this evolving outbreak and implications for their business that can save them. The epidemic is expanding quickly and needs attention, especially if you have a small business and worried about this sudden pause of the market.
Corona is the worst tragedy that happened and affecting many people in different ways. It is shaking up the economy, e-commerce, and big and small business in many different ways. And unfortunately, this Coronavirus has quickly progressed from a local problem to a global crisis.
So at this moment Business owners either they are running small businesses or big brands, all are at risk. They need a perspective of this quickly moving disease. They should devise strategies (for budget and their services) to apply on their business to minimize the loss that can happen if they will not take this epidemic effects seriously. The impact on consumer demand is crashing the economy, so there’s an urgent need to get planning, especially to local businesses.
WHO in its message on March 11, has clearly instructed the assurance that the Coronavirus (SARS-CoV-2) is evolving in almost all of the parts of the world and will increase in the coming days, with the perception that businesses, organizations, and governments still can take steps and can change the after-effects of this pandemic.
Policymakers in other countries have already put in standards to help local businesses during the epidemic.
China — where 70 percent of Beijing restaurants lockdown, has initiated to help small and medium-sized businesses by allowing them to put off certain payments and to let lower rents and profit on loans. Italy has approved several billion dollars in aid, including tax cuts and credits for companies.
The current effects of COVID-19 may be invisible and less, but worries are real and big. Here are some best practices and guides that businesses and companies can follow to keep their business and employees safe from the Coronavirus and its effects:
- Spread information in your employees and inform them about each and everything that they can do to avoid infection from this dreadful virus.
- Encourage sick leaves and pause button for some time to avoid its severe attack on your community.
- Change your business and workers’ practices and use alternatives or pause some operations that need interactions.
- Review teleworking policies, implement and support digital working, and work from home. Platform and websites which allow teamwork can be used for effective communication and for saving your business from loss.
- Devise a disaster preparedness strategy. A good policy will cover a lot of things like how to work remotely, and what tools the company can use to get the work, meeting, and operations done; how to handle business trips and more. In simple, businesses should know what they can do and manage things in the worst situation (Sadly if the situation will go worse)
- Take help from the Government’s devised loans and tax laws, especially for COVID-19.
- Stay optimistic, our economy and your business(es) will roar back and will rise again to life. Just be prepared for the worst and hope for the best.