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How to Secure Business in the Presence of COVID-19

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How to Secure Business in the Presence of COVID-19

  1. 1. How to Secure Business in the Presence of COVID-19 ‘CO’ stand for crona, ’VI’ for virus, and ‘D’ for disease. Formerly, this disease was referred to as ‘2019’ novel coronavirus’or ‘2019 n co’. The covid-19 virus is a new virus linked to the same family of viruses as server acute respiratory syndrome (SARS) and some types of common cold. No, antibiotics donotwork againstviruses.The 2019-n co isa virusand there for, antibiotics should not be used as a means of prevention or treatment. Using available preliminary data, the median time from onset to clinical recovery for mild cases is approximately 2 weeks and is 3-6 weeks for patients with severe or critical disease. As of Monday,at least 109,000 people inthe UnitedStates have diedof covid-19,the disease caused by the corona virus, with more than 1.95 million cases of the virus reported. Shutdownorderspreventedabout60 millionnovel corona virus infections in the united states and 285 millioninchina, accordingtoa researchstudypublishedMondaythatexaminedhow stay at how orders and other restriction limited the spread of the contagion. A separated stuffy from epidemiologists at imperial college London estimated the shutdowns saved about3.1 millionlivesin 11 European countries,including 500,000 in the united kingdom, and dropped infectionratesbyanaverage of 82 percent sufficienttodrive the contagion well below epidemic levels. The corona virus outbreak ensured that the year of the rat didn’t get off to the most propitious start. Over 2,000 people dead so far, more than 80,000 infected and 40+ countries affected. Buy Instagram Followers tosee on instagram pics of those pearsons who affected from COVID-19. Cities in link down travel restrictionsinplace,plantclosures mounting. Global trade, commerce, tourism, investment and supply chains in disarray. What does all of this mean? It meansthat yourbusiness, includingyouremployees and clients, could be in danger if you don’t take precautionary measures to prevent the risk of a data breach. Web safety  As notedabove,there hasbeenamassive inflictof fake websites,whosecreators are looking to take advantage of the fear surrounding the corona virus.  Make sure that any websites that require the insertion of account credentials like usernames and passwords, along with those used to conduct financial transactions are encrypted with a valid digital certificate to ensure your data is secure. Secure websites like these will typically have a green padlock located in the URL field and will begin with “https”.  Why yourworkforce isworking remotely, ensure that they are not using public computers and or logging into public wife connections to log into accounts and access sensitive information.
  2. 2.  You may wantto connectwithan it companyor you’re inhouse itdepartment to implement ad blocking, script blocking, and coin blocking browser extensions to protect systems against malicious advertising attack and scripts designed to launch malware.  Sign out of accounts and shut down computers and mobile devices when not in use. These steps include:  A detailed planningactivity,where we needtoidentifywhichemployeesreally need to come to work,evenafterthe lookdown islifted. Others can continue to work from home. That clarity is important.  Companiesshouldensure transportationfortheirworkers.Atthe officesthere should be series of checkpointstestingcanbe done.There should be holdingareas for colleagues to ensure that a red flag can be raised if someone’s feeling unwell. Examine policies for leave, timework and employee commission  Leave polices should be flexible and non-punitive and allow sick employee to stay home and away fromco workers. Lace policiesshouldalsoaccountforemployees who need to stay home with their children if there is school or childcare closures, or to care for sick family members.  When possible, use flexible worksite (e.g. timework) and flexible work hours (e.g. staggered shifts) to help establish policies and practices for social distancing (marinating distance of approximately6feetor 2 meters) betweenemployee andothers,especiallyif social distancingis recommended by state and local health authorities. 1. Identify ways to cut back The time for cleanse isnow.Digintoyourongoingexpensesandidentify the ones you can eliminate. In this modern age, apps and software help us with our day to day tasks. It’s a blessing and a luxury. But this is a time to ask you: “Do I need this?” Cost cutting is not built for comfort. You will go through changeswithin yourbusinessbuteverylittleeffortwillhelpyouimproveyourfinancialhealth.Take it as an exercise to identify necessity and cut out luxury. 2. Plan for greed outcome There isa bestcase scenario,a worstcase scenarioandeverythingthatfallsinbetween.You can’t avoid the outcome but you can prepare yourself for it. Run various scenarios through your cash flow projections. Revenue will take a big hit during this time. Payments will be slower than usual. Cash inflows will becomeaburden.Atthis moment,we can’tpredictwhenthispandemicwill end. As such, if you have devised a protocol for all possible outcomes, you’ll be ready or let it take motion when the time comes. 3. Review your debt As uncertainty grows so will the inquiries on debt settlement. Identify your current cash potion, run through the numbers, and create a payment plan. At times like this, it is essential to maintain a cash flowbalance.Donot payout more than whatcomesin.Pay once you getpaid. It may seem plausible to
  3. 3. clearyour debttoday.However,itmaynot be the bestdecisionrightnow.Also,donothesitate toreach out andask for an extension.Everyone isinthe same position asyou are. We will all get through this to gather. 4. Find new source of revenue A change in the way businesses operate is not necessarily a bad thing. It opens the doors to a new opportunity. Ask yourself: “How can I operate a business and offer customers our services in this new business lifestyle?” Adapting to changes in the economy is how business to make it through difficult times. It is a new opportunity for your business to evolve in a new unfamiliar market. 5. Protect your cash flow Cash isthe oxygento a business. It flows in and out, keeping the company alive. As long as you have it flowingin,youcanmake it work.You can’t have a businesswithoutcashoutflows.A well balanced cash flowmaintainsanequal andcontrolledlevelof cashinflowsearlypayment cashback if possible.Survival is the key element here. Always protect your cash position in this market. 6. Make the most off current clients It is a time to support one another, and not gain off the situation. Treat this as an opportunity to build loyaltywithyourclients.Offerthemspecialratestogetthrough this. Be by their side, and maintain the relationship.Afterall,loyaltyisthe best investment a business can have. It protects future income and influences new ones. Buy Instagram followers UK to get most and best clients of instagram for your business in UK. These are the times to protect our financial position. Take every measure possible. At the end of the day,there isno definite wayforabusiness toprotectitself fromfinancial difficultiesbutitall boilsdown to taking smart decisions early on. Good luck!

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