November 30, 2020

How to Prepare for Another Company Shutdown

By 1ntr0duct10n

The COVID-19 pandemic has led to the permanent Judi slot closure of an estimated 100,000 small businesses, and the statistics show the pandemic is far from over. While we’ve all waited eagerly for a post-pandemic world, it seems that the new normal has arrived.

While businesses across the company have reopened – many at limited capacity – it has become clear the pandemic isn’t going to just go away. A second wave could take some of us right back to square one, so it’s important for you to have a small business disaster continuity plan in case of another coronavirus-related company shutdown.

New cases of COVID-19 are on the rise amidst a staggered reopening.
At the time of this writing, national statistics for new COVID-19 cases suggest we’re far from out of the woods. The U.S. as a whole is still regularly surpassing 60,000 or 70,000 new cases per day. Of course, not every state has been hit equally hard. California, Florida, Texas and New York lead the way in confirmed cases, and the discovery of new cases remains near 10,000 per day in all but New York.

These numbers suggest that some states could return to the mandatory business closures we saw in Q1 and Q2 – even as many nonessential businesses have yet to reopen. If that’s the case, small business owners need to prepare now.

A recent Chamber of Commerce and MetLife survey found that most small business owners are looking ahead. Of those that closed their doors earlier this year because of the pandemic, 69% have reopened. Despite the modest economic recovery, 65% of these business owners are concerned they will have to close again due to a possible second wave of the novel coronavirus – many of them indicating that their second closure could be permanent. However, 31% of small business owners haven’t taken any steps to prepare for a second closure. Of those who don’t anticipate a second wave of COVID-19, 45% have made no preparations for a second closure.

But the threat of a second wave is very real, so small business owners must prepare to navigate a second round of closures. To hope for the best does not mean neglecting to prepare for the worst.