How do you cushion your business against negative financial losses

[Blue house]

The covid 19 was an unexpected disaster that destroys many business, the only way to plan for unexpected things like this is to have plenty savings for unexpected things like this, all this is an unforseen circumstances that can't really be prepared for.

 

[Neeta313]

Before starting a business you should have planned for certain situations like this, you should always be prepared because such things may occur. If you are the type that is running a business and you couldn't operate offline due to the covid-19, all you had to do was move your business online and continue with your activities.

 

[Ebuka Stephen]

Yes the covid 19 has made a great impact for some companies, either good or bad, the thing about everything situation is that it comes with an opportunity, some people are able to see it and take advantage of it and some can't, well for those companies struggling to get back on their feet could go into online businesses

 

[Talibhussain074]

We have all seen the covid 19 impact on businesses across world . Some businesses have actually thrived and shatter their profit margins. Companies with industrial capacity across different sectors have made it big time, I know of companies during the covid that were allowed to run because they produce essential materials like food products and medical materials etc. While some other companies simply cannot recover from the financial implications of shutting down due to covid.
What are some the measures you can put in place to avoid or cushion against negative financial implications?

Covid-19 has had a very bad effect on our daily life. Many businesses were destroyed due to this. Many companies closed. But there are some companies that did not suffer any loss (food and medical). But now the best way to meet this loss is online business. Many online business is very easy and profitable business.