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What Are The Major Strengths During Covid-19?
More than a million people have succumbed to COVID-19. The picture seems bleak. But is there a silver lining to all this? Can any good come out of this once-in-a-century crisis? Well, it’s possible. Some businesses are benefitting from the social, economic, and cultural changes spurred by the pandemic. 1. Lean Business: COVID-19 forced businesses t...
What Are Some Weaknesses During Covid-19?
COVID-19 puts an end to the normal way of running a business. No business escaped unscathed from the crisis. Although a few businesses are now recovering, they had to overcome crippling weaknesses. 1. Layoffs: Restrictions imposed to limit the spread of the coronavirus created severe financial strain on businesses. To cope with stress, many busines...
What Are Some Opportunities During Covid-19?
Adversities come with opportunities. However, it isn’t easy to flip a business model overnight. But those who have the courage and resources to adapt and overcome, these are the opportunities available to them. 1. Remote Working: When businesses realized it would take months or perhaps years for the situation to return to normalcy, they leaned towa...
What Is The Biggest Threat During Covid-19?
The worst of the pandemic is not yet over. Lurking uncertainties continue to force business owners to navigate blindly across the landscape. As they conduct day-to-day operations, these are the factors they must constantly monitor and adapt to. 1. Lockdowns: The first lockdown in the UK shrank its GDP by 25%. With the second wave of infections surg...
