How to COVID-19-Proof Your Business

How to COVID-19-Proof Your Business

April 27, 2020 by investor

Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

After the COVID-19 pandemic of 2020, investors look to see if you have made your business COVID-19-proof.

Here are some steps to COVID-19-proof your startup.

Ensure your startup can continue day-to-day operations by working remotely, even when everyone is in lockdown in their own homes.

Setup remote work tools such as Google Drive, Asana, Trello and other systems.

Update your cybersecurity measures as a remote workforce bring new challenges.

Create backup and redundancy plans to cover for those who fall ill or must step out to take care of others.

Choose partners, suppliers and others who have COVID-19-proof businesses. 

Secure the supply chain for your operations, as well as for product/service delivery.

Pursue customers who are also COVID-19-proof and whose operations will continue in the case of a lockdown.

These businesses include:

Those who can run some portion of their business online.

Those who can continue operating using existing workers in remote locations.

Those who don’t require large numbers of people to deliver and support a product/service.

Those who have a flexible workforce and can shift duties from one team member to another seamlessly.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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Copyright (c) 2020, Hall Martin and All rights reserved.

Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.