🔥🔥 We are delighted to announce an exciting collaboration with top rated Coventry University 🎓

How to Secure Your Business in Uncertain Times

“The only unchangeable certainty is that nothing is certain or unchangeable.”
John F Kennedy

Nothing is certain.

We are well acquainted with this hard truth by now. The impact of the coronavirus has hit us all hard, impressing upon us the urgency of adapting in order to overcome hardship. Everyone from corporate owners to individual consumers has felt the deep shockwave caused by the quarantine, but none have felt it quite as hard as freelancers and small business owners.  

Keeping your head and your feet moving forward is key to surviving the uncertainty. Other tips to make sure you, and your business, come out of this time with safety and security intact include…

Make Sure Your Priorities Are Where They Should Be

First things first, make sure safety around you is the first thing you are thinking about when making any decisions. This means putting all business-related ideas through a safety filter. If you have staff, you likely have precautions in place by now. As the dust settles into the ‘new normal’, stay in touch with them and make sure they are feeling as secure as possible. Panic is not far from the forefront of most people’s minds. Create room for honest, candid communication. 

Get Used to Adaptation

It’s unlikely that things will go back to business as we knew it for a while. Even if the regular rhythms of working ‘in office’ return in a few months, the shockwaves will have surprising ripple effects down the line. The sooner you can add ease of adaptation to your skillset, the better you will set yourself up for survival and success.

Think beyond the panic and uncertainty now, and adapt around the situation with the future in mind. What you do now could set you on an exciting path, without you even knowing it!

Seek a Sound Insurance Strategy

Take care of insurance as soon as possible. With solid insurance in place, you can secure your business to get through the crisis even if you aren’t able to continue operations. Check with your insurance provider and find out whether you can claim for any losses as a result of a business closure.

Consider Your Back-to-Work Approach

While it’s difficult to plan anything when nothing is certain, it is important to remember that the crisis will not last forever. Before things start winding back to ‘normal’, consider how you will approach this. Whether it’s adopting remote work to your regular business operations or it’s back to the office as soon as possible, think about how this will work for you, your staff and your business.

The best bet to make sure your business is set up to head back-to-work (in whichever capacity this might be) is to ensure that they are as well equipped as possible. Consider offering training for staff members through online Digital Programmes.

Related Stories

MasterStart x MD2MD LeaderFest 2021: Developing leadership skills

12th October 2021

As we look forward to the much-awaited face-to-face return of LeaderFest’s annual event, community members will have the…

Read More

Why your business needs Business and Management Development training to thrive in the 21st century

7th October 2021

It has become increasingly evident that business and management development training is crucial for any organisation, big or…

Read More

MasterStart and Coventry University launch landmark microcredentials to improve access to key skills in Africa.

22nd September 2021

Today, we at MasterStart have announced our exciting collaboration with Coventry University – a UK-based institution that was recently ranked best in the world for online courses.

Read More

The Accidental Academic

13th August 2021

MasterStart chief innovation officer Faryn Pearson talks to Silicone Cape co-chairperson Professor Sumarie Roodt Professor Sumarie Roodt is…

Read More

MasterStart, Cambridge Spark offer online tech training courses

11th August 2021

South African edtech platform MasterStart has partnered with Cambridge Spark to offer data analysis and technology training courses…

Read More

MasterStart and UK-based Cambridge Spark collaborate to bring data analysis and AI training online for African professionals

11th August 2021

South African startup MasterStart and UK-based AI specialist Cambridge Spark hope to bridge the gap between hard technical…

Read More

Asking your company to pay for your course

15th June 2021

Whether you are thinking about doing a course, browsing or finding your dream one, we know that oftentimes,…

Read More

Tackling South Africa’s Youth Unemployment Crisis With Online Learning

14th June 2021

The recent Quarterly Labour Force Survey made for sobering reading for those concerned with youth unemployment in South…

Read More

5 Ways companies can improve their inclusivity & diversity

8th March 2021

Recent news headlines, and frequent public faux pas, show that corporate South Africa has a long way to…

Read More

The era of feminine leadership has arrived

8th March 2021

COVID-19 has placed demands on people and organisations in almost all aspects of their daily lives. From going…

Read More

What are you doing for yourself?

24th February 2021

If you want something done, ask a busy woman. There’s reason to believe that reliability and busyness go…

Read More

Women in Leadership

27th January 2021

Have you ever been standing in line patiently waiting for the till, and your senses are suddenly bombarded…

Read More

Triple Crown accreditation and what it means

26th January 2021

“Triple Crown accreditation” is a term found in business school and reputable academic institutions of professional and career…

Read More

Project Management Skills: The Most Important

12th January 2021

Project management is the process of facilitating teams and coordinating resources to achieve a particular business objective; it…

Read More

The 7 Important Steps of Strategic Management Process

15th December 2020

The Strategic Management process is an approach to business which dictates everything from planning to execution and ensures…

Read More

What You Need to Know About the Project Management Process

15th December 2020

Project management as a process is not simply overseeing assignments or projects in place. Instead, the project management…

Read More

Have You Taken the 3 Tests for Success?

10th December 2020

We all know that knowledge is power, and one of the first steps to success is knowing yourself….

Read More

GIVE THE GIFT OF EDUCATION

9th December 2020

Finding the perfect festive gift for your loved ones is always a challenge. Luckily, we’ve got you covered…

Read More

Must-read Business Books for a Post-Covid World

9th December 2020

What will the business landscape look like in a post-COVID 2021? What changes will you need to continue…

Read More

WIN up to 100% OFF your USB-ED course!

25th November 2020

TERMS & CONDITIONS When does the promotion start and end? The promotion starts on 26/11/2020 and ends 30/11/2020…

Read More

View More