Business

Fix these 5 weaknesses for a robust business model post COVID 19

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Unsurprisingly, the companies that were farthest down the digital transformation journey before COVID-19 struck are having a tendency to adjust to the emergency crisis better than their companions. Their plans of business action models and working cycles implied that they had the option to turn all the more quickly or accelerate changes effectively in the process.

The organizations that are short on a strong and robust digital backbone or an online presence have struggled, as have those exposed to high street retail, transportation, energy, and tourism sectors. Meanwhile, software companies giving software-as-a-service, collaboration tools, and cloud consultancy services are seeing significant levels of interest to meet quickly changing client and business conduct.

COVID 19 has pushed most organizations outside their usual comfort zone, constraining them to sort out how to work from distributed conditions and depend on unusual strategies for communication and coordinated effort. This abrupt move has disturbed how organizations work and furthermore exposed several weaknesses in the manner it works. To rapidly analyze a couple of the most well known ones:

1. You are relying on one big client:

Depending on activities you’re doing for one major customer who takes up a significant portion of your working limit is the same as tying up your resources in one place. Always have 10 small customers than one tremendous client.

2. Your business development plans are outdated:

If you’ve been following similar business strategies for quite a long time together, it’s the ideal time for a rehaul. Improvisation and fresh ideas are fundamental for development and growth of the business. Make a future-confirmation design and carefully adhere to it for incredible outcomes. Your improvement plans should be innovative and empower new thoughts.

3. You don’t trust remote work:

Trouble in controlling what employees do makes some employers discourage the act of working from home. However, in circumstances like now, it is not a matter of choice. Employers should weigh the result over the cycle and numerous employees guarantee to be more beneficial and productive when they are working from home. Thus, trust your employees to work efficiently while working remotely.

4. You’re overly dependent on face-to-face meetings:

Face-to-face meetings are great, yet it requires time and a few people may miss. During working hours, call or video conference tools on PC’s and even mobile phones guarantee individuals are concerned. Members can be prepared from any place they are, meetings can be set up quick and they can even be recorded.

5. You only trust manual work:

While manual labor completes the standard routine tasks done, automating them improves productivity. It makes your people work quicker with improved exactness and focus on adding value. With cloud managed services and technologies, your employees can even work from home with remote access to useful tools they require. This brings a large amount of adaptability and flexibility to your work power.

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