HOW TO MANAGE YOUR BUSINESS AMIDST CORONAVIRUS | Marvin Germo
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HOW TO MANAGE YOUR BUSINESS AMIDST CORONAVIRUS

By: Marvin Germo | March 8, 2020

Coronavirus Update

The coronavirus outbreak is still going on and we can’t do anything about it but to wait for the vaccines being developed and for our government to mitigate the risks of spreading the virus throughout the country. According to the recent update, there are now 6 confirmed cases of coronavirus in the country and this is affecting not only people but also the economy. If you have businesses located in the areas where there are confirmed cases of the virus, you are definitely pressured by the news. So, if you are looking for ways to manage your enterprise amidst the outbreak, here are some of the recommendations I have for you.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020

Close Your Business Temporarily

I know it’s hard to choose between running your business or closing it down due to the recent virus outbreak. If you will look at the bigger picture, it’s easier to close your business temporarily than expose yourself, your business premise, and your employees to the virus. The cost is bigger if you will push through with the idea of running your enterprise like a normal day, especially if you are located in the areas where a possible transmission can happen. Closing your business even for a day is a lot of sacrifices already. But, if you really want to save yourself from paying larger expenses in the future, you should be aware of the possible risks.

Develop Strategies To Mitigate The Risks

If you don’t want to stop your operation, then it’s better to develop effective strategies to mitigate the risks you could get from the virus outbreak. Some of the common developments in local businesses today are putting an area within the business premise dedicated to sanitation, implementing work from home, and operating in limited days or hours in a week. You can do this too without hurting your sales. If you have a team committed to strategy implementation, it’s time to start brainstorming with them.

Continue Your Marketing Tactics

It doesn’t hurt to continue your marketing tactics as a business. If you have social media accounts, you can still promote your business online. Don’t stop your marketing campaigns but don’t forget to inform your clients, prospective customers, and the audience about the outbreak. You can definitely use your connections online to promote your business and at the same time, remind everyone to be cautious when traveling locally. In this way, your audience is aware that your business is considering the current happenings in your environment.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders