How A Past Pandemic Can Prepare Businesses Today

How A Past Pandemic Can Prepare Businesses Today

How A Past Pandemic Can Prepare Businesses TodayHow 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

How A Past Pandemic Can Prepare Businesses TodayDuring 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.

How A Past Pandemic Can Prepare Businesses TodayWe’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

If you’ve found this article “How A Past Pandemic Can Prepare Businesses To Face Today” useful or informative, then please leave a comment below or if you have any questions ask away

If this can help someone you know, then please share it with them.

Until next time…

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An Entrepreneurs View Of Coronavirus

An Entrepreneurs View Of Coronavirus

An Entrepreneurs View Of CoronavirusAn Entrepreneur’s View Of Coronavirus : The hottest trending topic in the media is… Coronovirus! And unless you’ve been living under a rock there’s no escaping the fact that everywhere you turn everyone is talking about it!

The UK Budget includes numerous plans to save the economy, Trump canceled flights in and out of Europe and yesterday the shelves were empty in the supermarkets, people were worrying about their travel plans and panic was and still is at an all-time high.

An Entrepreneur’s View Of Coronavirus – Our Thoughts

Having been entrepreneurs and business owners for more than 30 years, we’ve been through a heck of a lot of scares and a heck of a lot of drama but we survived and better still we thrived so we do talk from experience.

In 1999, when we were working as management consultants everyone thought Y2K (Year 2000) was going to wipe us out and businesses spent countless hours and money on protecting themselves.  It didn’t happen.

In 2008 the financial crisis hit just about everyone and people scaled back and lived in fear.  This was the worst for us personally but we survived it and we’ll survive this.

But listen let’s puts this coronavirus thing into perspective and talk about the media

The media has one job

And that’s to do their very best to implant some other terrible and horrific fear into your mind with the sole intention of increasing their exposure and their ratings.  That’s their business after all

As an entrepreneur let’s look at the economic opportunities and risk of coronavirus

Obviously the travel industry and certain other industries are being hit hard. While unfortunate (we have a travel business so we don’t talk about this lightly) it’s important to look at what you can do to make your situation better

Being smart and working on your online business rather than getting caught up in the news is a good idea

And there are ethical ways to make the best of a bad situation.

Getting sucked into the fear or allowing it to take you away from improving your life is counterproductive…

Especially since having financial stress will only make you more vulnerable, since stress lowers our immune system and personal care should be high on your priority list right now.

Taking control of your life by taking control of your finances by working on a proven business model puts you in a stronger position to have more influence on your life.  We’re definitely working on that ourselves.

We wish you nothing but the best during these crazy times and remember to focus on what you can control and how will it effect your online business?

If you would like to read our Facebook Post

“The Coronavirus hysteria is definitely through the roof right now, but is it justified? And what should you actually do?”

Check it out here

We don’t profess to being the authors of the actual content but it was from an entrepreneur friend and we found it profound, common sense and informative

We hope you do too 🙂

As another entrepreneur friend of ours wrote on the topic

Instead of living in fear
I want you to be strong.
I want you to be wealthy.
I want you to have faith….”

That’s all we can wish for all our readers, friends, subscribers and entrepreneurs

Go forth and create success and don’t let the media hold you back

Step up your game because we know other weaker-minded less committed entrepreneurs are going to sit back…and while they sit back paralysed from coronavirus you can be doing something AMAZING

And don’t think that because this article is focused on entrepreneurship that we don’t worry or care about the profound effect that the coronavirus is having… believe us we do.

We have a parent in their 90’s who has health issues and we know that if she contracts coronavirus her chances of survival are pretty slim 🙁

An Entrepreneurs View of CoronavirusFrom a personal perspective our retirement savings that we spent over a decade re-building and our travel businesses (a ski chalet in the French Alps and a luxury vacation rental in Spain) are severely affected but WE WILL SURVIVE and we will come through this come what may!

We’re doing everything we can to protect our own health and wellness and that of our family and have faith that we will all get through this

It seems almost inappropriate to say but we’re going to anyway…

If you want to know how to survive this current crisis and start and grow a serious and sustainable business online why not take our free bootcamp where we share our tips and strategies and the system we’re working with to help our students and clients create success.

If you’ve found this article “An Entrepreneurs View of Cornavirus” useful or informative, then please leave a comment below or if you have any questions ask away

If this can help someone you know, then please share it with them.

Until next time…

Work With Chris And Susan

 

 

An Entrepreneurs View of Cornavirus

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