Keep Cool! Year 2020- The Year of the Face Mask is about to end! If you live in a country like Nigeria where there have been many lockdowns (i.e. the closing of economic and social activities) in 2020: #COVID19, #ENDSARS, a recession and a second wave of #COVID19 cases, now is the time to think ahead!
• Improving the online side of your business has become a must if you are to survive a closed shop situation in future. Reports by Nairametrics and The World Economic Forum COVID Action Forum shows how important the internet is keeping work going from any location. Although many businesses that operated online at the height of the pandemic had different experiences on the benefits and disadvantages of working from home; generally, those who had an online business structure survive the lockdown better. Does your business have products and services that you can sell online anytime and any season?
• Explore new and smarter ways to fund your business during a lockdown situation. It was very interesting to see how crypto currency helped to fund logistics during #ENDSARS protests in Nigeria. Traditional financial institutions and banks who blocked transactions of the protest organizers got the surprise of their lives when the protesters turned to crypto currency wallets to fund their movement. Every business should seriously consider investing in crypto currency or other digital assets which can help your operations survive cash lows and tough times.
WEB-LINKS
#EndSARS: Analyzing the economic prospects of another lockdown
Young Nigerians share their experiences on the cost of working from home
