COVID-19 continues to spread throughout the world. While some businesses are able to get by, others are facing problems because they lacked a “backup plan” when dealing with business disruptions.Now, entrepreneurs are facing uncertainties regarding their businesses. The big question now is: how will they rise up to these challenges?
1. Disruption of operations: Lockdowns mean shops remain closed. Companies that had a business continuity plan, however, may fare better 4. Payment: Contactless payments are now more widely adopted. With our technology today, it is not difficult to send and receive money. Bank transfers now offer zero charges when transferring funds online. This kind of payment scheme is very much advisable because the virus can be easily spread through banknotes.
7. Cybersecurity threats: Working from home may be the best way to reduce the number of people commuting every day, but lax cybersecurity measures have opened doors to hackers which can endanger important information/data stored by companies.