Just before covid 19
Before covid 19, businesses were not doing bad. To some extent production of goods and services was meeting consumers’ satisfaction. General business activities including buying and selling was smooth enough to depend on. Business men were also managing and directing the affair of their businesses among other activities. Employees in various organisations, including government establishment were before covid going about their normal work. Generally how to commence business life after covid will certainly take a different dimension, because of the attached condition.
Beginning of covid
But when covid commenced, the entire business activities, suddenly, was put on hold for several months. Individual business men and workers were immediately advised and subsequently forced to stay at home. Essentially to prevent and curb the spread of the virus. A pronouncement as per total lock down was made and this affected individual, Also its affected group of individuals, every house hold, private, public and government businesses all over the world. Invariable the employers, employees and businesses were all affected. The interest of the affected ones is how to commence business after covid.
Covid melting out
However after covid, business must re -open and normal activities must continue otherwise individual runs the risk of poverty. Normal household bills and other family expenses must be given required consideration among others. Except businesses re opened,i it might be difficult to survive after covid. Due to devastating effect of the pandemic many businesses may not re-open, and a considerable number of people are likely to loss their jobs.Consequently those that lost their job will have to find their way back to labour market. Basically people need good determination to go all out in search of job to meet normal and necessary expenses.
Getting set for work
Because of time lag between your last time in operation and the present time in your business, a lots of things must have gone wrong. For this single reason it becomes necessary to access the present situation of the business in other to ascertain the extent of damage. In doing this a business man must be able to compare the present situation with how it was before covid, This, however, gives him a clear view of what went wrong. He needs to write down major observations and, later analyse for appropriate action. He must observe that items like office equipment and other assets remain intact. Necessary working equipment will either be serviced or replace for effective use. He has to tidy up relevant document and put necessary things in order.
It is quite important to follow strictly Covid protocol. Ensure you are with your face mask. Wash your hand under running water. Otherwise make use of alcoholic base hand sanitizer. Avoid crowed. Above all get vaccinated and other necessary treatment
To commence business after covid generally required efficiency in the following
Total stock
-1- Total stock is one item that require urgent attention particularly where it involves perishable or expired items. Because customers could not come out freely to patronize in the usual way, some items are likely to spoil or expire and when this happens, the good ones will be sorted out to determine the quantity and value . The quantity and value of the expired and the perished ones will be determined for record purpose.
Cash in hand
-2- Cash in hand is the amount of money available before covid. During the period it is assume that part of the money, probably, must have been spent otherwise the money should remain intact. In any case the available cash in your custody other than the money in the bank is usually refer to as cash in hand. A business man who survived the devastating effect of covid will be more prudent in spending the available resources
Cash in hand
-3- Cash in hand are the people who are indebted to you. They are likely to be those who purchased goods and services from you on credit, before covid. By all standard it is advisable to approach them with a view to collecting the amount owing, or part of the money as the case may be. And since they are your customers you need to handle it with care in other to maintain the relationship.
Creditors
-4- Creditors – it is good to have a clear and detail records of the people you are indebted to, and if there is opportunity, effort should be intensified to settle at least part of it. This will give you ample chance to meet your suppliers for credit, particularly after covid.
Cash at bank
-5- Cash at bank is the amount you have with your bank. However where you are owing bank you need to be more closer to the bank manager for facilities in case it becomes necessary. As a good customer who has been maintaining good relationship with his bank, in case of opportunity, he would be invited.
Customers
-6- Customers, importantly, deserved to be convinced and encouraged to maintain their patronage. Reach out to your customers through phone. and let them know that you have back on business.
Workers
-7- Workers – your work force must be cherished and must be invited.Particularly if they are still around. Arrange for a meeting, with agenda on how to commence work. Minimize their number in case you cannot cope by virtue of the available resources. More so the business needs to start in a graduating manner. Avoid rushing into actions without adequate planning. Encourage workers to follow strictly covid protocol and get treatment if infected.
My name is Muyideen Elemoro. I am a Nigerian from Ibeju -Lekki Local government in Lagos State. I reside in Abuja, Nigeria.
I am a retired Civil Servant. Presently, I am a marketer and Blogger.
Essentially I write on marital and other related issues. I engage, as a part-time, in Marriage seminar and other related issues.
