The pandemic will end, but going forward things won’t be the same for the businesses, says Arvind Khinvesra

1. The pandemic will end, but going forward things won’t be the same for the businesses, says Arvind Khinvesra Ever since COVID-19 has been declared as a pandemic, the entire world is fighting against it to make the whole world free from the virus. No matter how intense our battle is against the virus, the virus continues to spread and results in life-threatening disease. However, we are incredibly hopeful that a day would come very soon when we will be able to eliminate the virus from the whole world. The virus, apart from taking away millions of human lives, has posed a threat to the economy. Many people do not have any clue about how businesses will survive after the pandemic is over. It is a good idea to get in touch with ​business coach Mumbai​ that can help revive your business. So, going forward, what are the things that won’t be the same for the businesses and might change forever. ● As we can see now, most of the businesses are undergoing a digital transformation. The same will become the norm post-COVID-19. The company that cannot adapt to digital transformation will face a significant threat and might not be able to survive in harsh economic conditions. Also, it is going to be booming for digital companies, which are already depending on technology. As they already rely on technology, they do not need any transformation and continue to grow post-pandemic. ● Also, for those mid-sized and small businesses that have not done appropriate financial planning is likely to be hit the most. The brick and mortar will cease to exist, but the entertainment industry will survive as people will still want to gather and enjoy. ● For well-planned business, it won’t be huge for reviving even after facing a massive hit. ● The government has a pivotal role to play in helping small businesses survive post-pandemic. ● Some of the businesses that will be severely hurt are travel and tourism, restaurant business during this unprecedented time. It will need a significant boost to continue with their business after the pandemic gets over. ● You may consult a ​life coach in Mumbai​ to understand the situation post-pandemic. What are the things that companies do to safeguard employees during the outbreak, and after the pandemic is over? ● First and foremost, companies must consider the health of the employees as the first concern. They must ensure the guidelines of WHO are followed diligently, and they must make the employees aware of it. Hence, providing adequate protection to the employees should be the first step after the pandemic gets over. ● Setting up a Response team: The business needs to build a team that must ensure that the employees are following the processes and help them improve the health of

2. the employees. A CEO must lead the team, and it must look into the following aspects: Management of employees and their wellbeing ● Planning for contingency and stress testing ● Monitoring of supply chain ● Sales and Marketing ● Some other techniques adopted are proper planning of inventory, maintaining a healthy relationship with employees, and defining activation protocols. With widespread business coaching in India, continue to get expert help today! Summary: A lot has changed for businesses during the Covid-19 pandemic. Here’s why things won’t be the same for business once all of this is over. Resource Box: If you want to learn more about starting a new business, you should take help from​ Achieve Thyself​. They provide different types of training useful for a businessman.