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Posts tagged forbes
8 Critical Lessons Leaders Need To Emerge From The COVID-19 Crisis (And One That Will Surprise You)

In a matter of days, shutdowns and physical social distancing measures due to the coronavirus pandemic led to a dramatic shift in consumer values and behavior. It heavily impacted businesses and interrupted our way of life.

Close to two months later, the landscape hasn’t changed much. Employees still worry about the security of their jobs while employers struggle to figure out how to appropriately navigate these unprecedented times. I have lived through something similar as a founder and CEO during the 2001 dot-com burst and the 2008 financial crisis. In both instances, the industry survived and eventually recovered, and I learned some valuable lessons about the resilience of companies during periods of economic downturns. These are the hard-won lessons we can take with us on the other side of this unpredictable period of volatile market conditions and tremendous change.

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3 Strategies That Will Help Your Small Business Navigate A Pandemic

Most small business leaders, like the rest of us, didn’t see the COVID-19 pandemic coming, so they haven't had adequate time to prepare. The full effects of illness and business closures have only begun to appear.

On March 13, the National Federation of Independent Business Research Center reported that only about one-quarter of small business owners said they'd been hurt by the pandemic, though nearly all were worried about future disruptions in their workforces, supply chains, and sales pipelines during an escalating crisis.

Fast-forward a couple of weeks and those disruptions have increased, as confirmed cases of the novel coronavirus have mounted and states have imposed mandatory business shutdowns. A survey from Goldman Sachs released March 19 found that more than half said they couldn't continue operating for longer than another fiscal quarter if conditions don’t improve.

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