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Prudent Operations in a COVID-19 Environment

Posted by Bryan Parker on Apr 22, 2020 8:30:00 AM

With the global economy besieged by the COVID-19 pandemic, many businesses are trying to figure out how to operate amidst a global crisis that has produced a major market disruption. After taking time to slow down and assess the situation, businesses must start thoughtful planning on how to survive this unprecedented time. This planning may include right-sizing cost structures for an unknown time period and investment in activities that can keep the business going as much as possible during this interim period. If a business can successfully navigate these murky waters, it gives itself the best chance possible to re-build and successfully compete in the marketplace on the other side of this market disruption.

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Topics: COVID-19, Small Business