Checklist to Restructure Your Company Post-Pandemic

The crisis generated by the new coronavirus pandemic impacted Many activities across various sectors of the economy have been disrupted. The current global crisis has resulted in the economic collapse of most countries, whether developed, emerging, or poor. With social distancing measures in place across much of the country, the corporate sector has largely adopted remote work, many retail stores have closed, and services have been suspended.

According to data from the Monthly Survey of Services released by the Brazilian Institute of Geography and Statistics (IBGE), the flow of services provided in the country decreased by 15.4% in the second quarter of 2020 compared to the first quarter. In the previous quarter, there had already been a decrease of 3%, compared to the fourth quarter of 2019.

Like any economic crisis, this one caused by the global pandemic will eventually pass, turning into a period of recovery. And now, Brazilian states are focusing on resuming non-essential commerce and services.

Thus, factories, stores, and offices are embarking on a new and complex process: how to plan for business resumption amid the pandemic?

A definitive finding is that the adoption of technology in work and business relations will be increasingly greater and more effective, as they will occur (in fact, they are already occurring) changes significant.

So how can you restructure your company so that it not only survives the post-pandemic crisis but also remains efficient and profitable? There are several possibilities that can enable micro and small businesses to restructure and resume growth.

Smart financial choices can help drive sustainable corporate strategies, especially in crises like the one we're currently experiencing.

Therefore, it's crucial that managers train themselves to ensure a safe return to work. With appropriate guidance and the adoption of strict hygiene and safety protocols, employees will feel confident and motivated to return to their routine activities, maintaining their productivity.

Take advantage of the opportunities, seek new partnerships, negotiate with employees, creditors, suppliers, adapting to the new reality and reinventing oneself will be essential initiatives to avoid the closure of activities.

These steps will enable small and medium-sized businesses to withstand times of crisis or disaster. With that in mind, here are a few more: tips to contain post-pandemic disasters.

• Communicate efficiently internally and externally, raise awareness and educate everyone;
• Evaluate your business model to reduce unnecessary costs and increase revenue;
• Encourage innovative projects among your employees to improve operational efficiency in internal processes;
• Monitor your consumer's consumption behavior public and make adjustments whenever necessary;
• Strictly manage cash flow, forecasting fixed, tax and mandatory expenses;
• Structure your financial reserve for other moments of crisis;
•  Invest in new technologies to generate resource savings and efficiency;
• Create, simulate and implement strategies to adopt in times of crisis, these strategies will be applied mainly to people, to processes and technologies.