Severe public health crisis caused by the recent coronavirus pandemic has left business executives around the globe facing enormous business challenges – supply chain, the drop in customer demand, looming economic recession, and increased business uncertainty.

Impact of the COVID-19 outbreak on businesses and their employees in the United States

SOURCE: https://www.statista.com/statistics/1104955/covid-19-economic-impact-workers-businesses-us/

The Change in Growth Expectations

In this article, we share a few of the most important suggestions for SMBs that are serious about acting proactively during this crisis and bouncing back in the post-pandemic world.

How to Prepare Your Business for the Post-pandemic World

Tip #1: Prepare a reliable business continuity plan

The lack of a reliable and executable business continuity plan may only make things worse in an already uncertain situation. Consider what all you must do to get through the looming economic crisis and make your business thrive when it ends. Use whatever existing disaster recovery or crisis management plans your organization has in place, and then adapt as you go.

SOURCE: https://www.nextiva.com/blog/business-continuity-plan.html

Tip #2: Be ready to make sacrifices

Since employee expenses are on the rise and perfectionism has no place in the market right now businesses may need to make some sacrifices in these testing times – even if it requires cutting down on staff members or settling with “good enough” results, among other things. No wonder why so many business executives are seriously considering the idea of outsourcing during COVID-19 lockdown!

After all these things end, you will need a strategic partner to assist in the delivery of services to your clients and here Outsourcing will help you.

Here are some of the top benefits:

• There’s No Reason to Turn Down Significant Cost Savings
• Plenty of Attractive Partnership Opportunities Are Available
• Optimising Your Revenue Cycle is Now More Crucial Than Ever
• Work Efficiency and Productivity Doesn’t Have to Suffer
• To Avoid Overworking and Work-related Stress

Read More: https://www.borderlessmind.com/blog/worried-about-the-economic-downturn-heres-why-now-is-the-best-time-to-outsource-your-work-to-an-offshore-it-company/

Tip #3: Improve communication

It doesn’t take much time for rumours to spread in the workplace and among stakeholders, especially in the absence of official crisis communication. By taking the necessary steps and ensuring transparency at all levels, it becomes easy to curb the spread of misinformation.

By following some simple steps, you can master communication while outsourcing:

1. The first question to ask is “what problems are we trying to solve, or what opportunity are we trying to capture?
2. Both partners should have clear understanding of current things by performing a rigorous assessment.
3. Change management strategy to make an impact on business so that those changes could have a dramatic impact on business.
4. Always plan should be create by high level authorities to make it a success.
5. Be an innovative thinker.
6. After goals are set, always track top milestones by collecting and analysing the data.

When above elements are strategically implemented in a communication, documentation is maximized and hence impacting the results in big way.

Tip #4: Keep the employees connected and accountable for their productivity

Nonessential travel is highly discouraged, and organizations are directing their workforce to work from home because of the lockdowns imposed due to the coronavirus pandemic. This is why cloud-based file sharing, video conferencing, online collaboration tools, and productivity apps have become the lifeline for most businesses across the globe. Since the vast majority of these tools and solutions are free to use and there is plenty of options to choose from, organizations simply can’t afford to ignore their potential in supporting business operations.

Tip #5: Prepare for supply chain issues and changes in consumer demand

Many firms are questioning the viability of their business operations in the post-pandemic era, especially the ones in the hospitality industry. On the other hand, you will see many firms accelerating their growth as a result of increased consumer demand, in the news, retail, and digital entertainment industry for example, Depending on your industry and the value proposition, business owners will need to take the required steps to map out their most probable position during and after the pandemic.

Using the power of IT to support remote work is a must during a time of social distancing. Not only do you need to ensure the network connectivity and uptime of your IT infrastructure, but also the security aspect, while cutting off employee costs the same time.

This is where BorderlessMind comes in to support your business operations during this time of crisis and help your business emerge as victorious in times to come. Our talented human resource and excellence in the field of IT makes us one of the best software outsourcing and offshore IT company in India.

So, what are you waiting for? Try BorderlessMind for one week, risk-free