Changing fortunes with the decline in covid 19 cases

Looking forward to the future of business

While we welcome the reduction (only 3 digits yesterday) in number of covid 19 cases, this is ominous for companies engaged in health care and services    hospitals, medical suppliers of equipment PPE vaccines, test kits, medicines and the like

Face to face business will prosper this can mean reduction in volume of couriers and other facilitators of on online business. Some may even go out of business just like the pandemic closing many face to face business..  The pandemic has been particularly hard on airlines, tourism, bus and transportation, schools which are mostly face  to face.    Many schools just to retain their faculty have to obtain huge loans to continue paying for their salaries,

All ready fast food and airlines have recovered and away from bankruptcy .  But a cruise ship sailed its last.

Prayers to those who can make it, and kudos who will survive.

Efficiency in Small Business

Ateneo Professor on Entrepreneurship

From Huffington Post by Brian Honigman | July 3, 2013

A business needs to be efficienct always:

1. To serve customers fast;

2.  To be competitive

3.  To survive and thrive;

4.  Reduce costs and improve profitability

How to do it:

1.  Analyze your cost on how you acquire customers whether by web, by normal media or traditional selling;  from the data you can improve how you can acquire customers faster and at lower cost;

2.  Make it easier for teams to collaborate and work together:  to work on a project, serve customers better

3.  Be mindful of employee happiness and well being:  health and recognition, night out, dinners, etc.

4. Standardize documents/processes

5.  Analyze how the time spent:   work schedules, inputs, outputs