7 Ways to Keep Your Business Going in Difficult Times (COVID-19)

7 Ways to Keep Your Business Going in Difficult Times (COVID-19)

Business, Covid-19, Economy, Start-Up
As we have seen from the recent fallout of COVID-19, small businesses are at the mercy of the global economy. Business might be great one day, and in the span of 24 hours, you could lose your entire customer base due to catastrophe. Organizations can face different obstacles they will need to overcome to ensure their survival. Just when everything appears to be running smoothly, a business can experience a nasty surprise that can damage its operations, finances and/or reputation. If you want to help direct a business out of hardship to ensure its longevity, read the following seven ways to get through any tough time in business. Look at the Big Picture People have a tendency to attack the most obvious immediate problems with vigor and without hesitation. That’s…
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How to Work Effectively From Home

How to Work Effectively From Home

Business, Covid-19, Start-Up
Many people are working from home for the first time because of COVID-19. Others are more seasoned remote workers. Whatever your circumstances, working from home is likely playing a larger part in your life, or that of people you live with, than it ever has before. At its best, working from home benefits everyone: you, your family or household, and your organization. Remain connected and positive, and you can work productively while maintaining a fulfilling home life – all without the stress of a daily commute. Stick with Your Routine.Just because you're not commuting and going into an office doesn't mean you should skip your weekday morning preparations. Wake up at your normal time, shower, and get dressed in real clothes (not pajamas!). It may sound trivial, but this helps…
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Impact of COVID-19 on Indian Economy

Impact of COVID-19 on Indian Economy

Covid-19, Economy
Sources – KPMG, EY, Nomura, MoSPI   India’s real GDP decelerated to its lowest in over 6 years in 3Q 2019-20, and the outbreak of COVID-19 posted new challenges. Government has taken steps to contain the spread, such as nationwide restrictions for 21 days and a complete lockdown of the states have bought all the economic activities to standstill barring the essential services. This has an impact on consumption and investments. While Indian businesses, barring a few sectors, can possibly insulate themselves from the global supply chain disruption caused by the outbreak due to lower reliance on intermediate imports, their export COVID-19 infected nations could take a hit. In sum, the three major contributors to GDP – private consumption, investments and external trade, will get affected. Three scenarios can be…
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