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April 11, 2020
Based on the New Norm we discussed in tip #4, are you able to adjust or modify your business model, products and services to accommodate? Instead of jumping into the bandwagon, where many people are selling sanitiser, face mask, thermometer etc – which I don’t regard as an adjustment to the business model – it’s
April 8, 2020
What is a New Norm? According to URBAN Dictionary, “New Norm” is the current state of being after some dramatic change has transpired. Something replaces the expected, usual, typical state after an event occurs. The new norm encourages one to deal with current situations rather than lamenting what could have been. In the case of
April 4, 2020
During a crisis, most businesses will first preserve cash, then cut costs to stop losses. This is because business owners are still in panic mode, they will do whatever they “deem necessary” at that time due to survivor-ship, I can’t blame them. Nevertheless, a good business person who is not panicking will look into various
April 2, 2020
“Cash Is King”, especially true during a crisis like today’s. When MCO was introduced, the first thing every business owners did was …. stone for a moment, then start to check their company bank accounts and personal bank accounts to know how long can they survive with the cash they have in the banks. Well,
March 28, 2020
What is a CRISIS? A crisis is a situation where you are caught by surprise and stuck in a sticky situation where you have totally no clue on how to handle it. Since it’s a surprise, we do not usually have a plan in place that we can activate during the crisis. And you will
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