How A Past Pandemic Can Prepare Businesses Today
How Past Pandemics Can Prepare Businesses Today: The impact that a pandemic has on individuals psychologically, socially, and financially can be devastating. Understanding past pandemics and their adverse effects on people’s lives, as well as the economy, can help us learn from these past events.
You can survive the pandemic by avoiding making the same mistakes made in the past. You can also come out sane by adopting some of the preventative measures taken in the past and adopting the right attitudes and reflexes.
One example of a global pandemic that had devastating impacts on the economy and people’s lives, in general, is the 1918 Spanish flu. Many lessons can be drawn from the global pandemic that had severe economic and psychological consequences on businesses and individuals.
How A Past Pandemic Can Prepare Businesses Today – Lessons Learned
The importance of containment
During a pandemic, the number one priority for health professionals should be controlling the spread of an epidemic. Everyone in the health sector understands this, and that is why there are containment rules in place.
Rules or instructions given should be obeyed to prevent panicking as well as further complications. Staying at home, refraining from certain activities, using certain products, and self-isolating are some of the most important instructions that must be observed.
The main reason why most people died from the 1918 Spanish flu is the same reason that is likely to cause more deaths in any other global pandemic. Many deaths were caused by the virus spreading from people to people in confined spaces or in large gatherings.
This mainly happens because people refuse to avoid large gatherings, and they also refuse to self-quarantine properly. We saw this early on during the crisis in the UK when people really didn’t understand how serious the situation was and were misinterpreting the instructions issued by their government.
The need for businesses to prepare for the impact of the pandemic
The consequences that the Spanish flu had included labour shortages and increased rates of physical disability, among other things. Most effects rose from the panic surrounding the virus. The panicking also worsened as businesses were temporarily closed, public gatherings banned, and sporting events canceled. Luckily, we can avoid going down the same route and facing similar consequences. Knowing and preparing for the economic consequences of a pandemic can help minimize the impact that the virus has. It can also aid in helping you remain sane during the pandemic.
Closing businesses during the period of self-isolation, which normally lasts for 14 days or more, will doubtlessly have a toll on the economy. Nonetheless, preparing in advance for the negative economic and psychological impact will help in recovering more rapidly.
How A Past Pandemic Can Prepare Businesses Today – Advice From Experts To Help Keep Your Business Afloat
One major concern that most businesses and freelancers have during a pandemic is how to keep business processes flowing. Fortunately, there are steps that you can take to continue operating your business or even venture into new business ideas. Expert advice can help you retain your sanity and keep your business going in a pandemic. Expert billionaire entrepreneurs are offering their expert advice on social media.
Billionaire entrepreneur Mark Cuban for example has given valuable business advice on LinkedIn. You can go ahead and check it out. Mark Cuban provides some of the tips for keeping your professional life going. These include:
- Reaching out to potential clients as well as trying new business ideas.
- If you cannot carry out some of the work you do at the office while at home you can always try getting a new job by finding potential clients or opportunities.
- You can also start perfecting work or working on neglected work as well as unfinished work.
The billionaire entrepreneur also advises that you try out new ideas, for example, begin offering other services apart from the leading service you provide if you can.
We’ve actually seen this happening already with people we know and who with a little bit of guidance from us are using new ways to keep their business in the forefront of their customers and provide the service those customers may already have paid for.
We wrote about this on our Facebook today and you can go ahead an check it out here
How A Past Pandemic Can Prepare Businesses Today – Prepare A Business Continuity Plan
For larger companies it’s important for a continuity plan to be put in place to do whatever is necessary to protect employees and if at all possible keep the business going with staff working from home as guided by goverment. When everything happens so fast as it has with the Coronavirus Pandemic businesses have had to think on their feet and plan as they go and it’s not been easy as we’ve heard in the media over the past days.
However if you are a solo-preneur as many of us are then we have to adapt pretty quickly to the situation and think proactively about the future and very possibly considering new ideas and options for your survival
We know that we will have to do this in both our online business and our travel and tourism business that already suffered at the hands of the pandemic when the ski resorts were shut down in France without notice leaving us high and dry but were working on a plan but it will depend on how long the pandemic lasts for
Let’s not forget the ultimate economic consequence of the pandemic and what countries around the world have done to boost their economies during this time
This is a good article to read which studies the Spanish Flu Pandemic of 1918 and published by Wealthy Retirement.
It may seem wrong to talk about the stock market at this time but what happens will affect all of us as we come out of this so best to be pre-warned don’t you think
If you think we can help by brainstorming an idea for your business survival just contact us direct here
Well be hosting a round table mastermind with a group of friends and entrepreneurs so we can brainstorm business ideas
Thanks for reading
Stay safe, follow your Government’s guidelines and stay positive
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Until next time…