Overcome the challenges brought by the COVID-19 pandemic

While many businesses find themselves in an economic crisis amid the COVID-19 epidemic, it is crucial to be proactive and act as soon as possible.

Here are five things you can do right now to maximise your chances of coming through a crisis:

1. Take hold of the opportunity – and grow when others are contracting
2. Know your advocates internally and externally and get them close
3. Address the problem head-on and explain the impacts as soon as you can
4. Secure your capital and cash flow – raise debt to be ready for the opportunity
5. Do not be afraid to be fearless

Last update of the article: 01/26/2021.

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