Management

COVID-19: 10 Lessons from Kerala to The World

Friends, India is undoubtedly an inspiration to the world during this crisis. There are so many examples of how a nation of more than 1.3 billion is coming up with an innovative and thoughtful way of handling the situation. One state stands out in this situation. The way Kerala is managing to contain the pandemic is inspiring every other state and even other countries. Here are a few ideas that others can pick up from the state. Walk-in sample kiosks Healthcare workers are most at risk as they are at the forefront of this fight against the virus. We keep…

COVID-19: 6 Working Capital Management Tips

The most crucial factor in running a business right now is working capital. With sales slowing down and stocks piling up, it is imperative to make sure that you have enough working capital to tide through this crisis, and that sales are steady.  If you think you need to sustain on the current working capital for another 12 months, do whatever it takes to ensure that you do not run out of funds during the next 12 months. Let me discuss some tips to ensure that you stretch out your cash resources as long as possible. My first point is…

5 Best Ways to Plan in a COVID-19 like Situation

We all know how to plan, and usually, we already have quarterly or half-yearly plans in place, but in these times, it is necessary to tweak our projects and to rethink our strategies. Because a lot of things have changed in the last month, a month ago, you could not even imagine the entire population of India sitting at home, but today this is a reality. We could not imagine a lock-down of this scale and period. We need to now get used to something like this until there is a vaccine in place for the pandemic. There are already…

COVID-19: The Best Ways to Cut Costs

Conducting any business gets costly over some time. This is because we tend to build up some costs which we think are necessary. The reality could be that we can achieve the same output at half the price. Then we bring in management gurus to tell us the same thing and pay them lots of money to do so when all we had to do was to take a fine-tooth comb and go through all our expenses and decide for ourselves what is necessary and what is not. So today, let’s look at what we can do to bring our…

COVID-19 Crisis: 5 Tips to Optimise Workspaces to Boost Productivity

The COVID-19 pandemic is an unprecedented occurrence that has had. It will continue to have a far-reaching impact on all our lives, whether we are homemakers or employees or business leaders. The swiftness with which the virus is spreading makes it equally important for us to be quick and efficient in adapting ourselves to the changing circumstances. Only then can we ensure that we beat the disease. Small and big businesses have felt the impact of these changes at the same time, and countries and companies are struggling even to understand how to handle the situation without suffering huge losses…

COVID-19: Immediate Action Plan for Leaders

Human beings have shown resilience to innumerable catastrophes in the past. And COVID-19 will be no different. We will adapt and adjust to changing circumstances, especially if we have the right leadership. In times of crisis, humankind looks for the right leaders who can guide the masses on the right path. Leadership is the key to survival. Hence it is critical to have the right personnel on the job and train them to handle all situations. A caring attitude In a crisis like this, employees are at a loss as to what they need to do. And most of them…

Can Large Teams be Managed Remotely?

Most of us have been forced to make the transition from going to the office every day to suddenly working from home. And it is natural to be uncomfortable or completely at a loss to understand how to handle this change in our routine. Especially keeping in mind the changed circumstances around us, even those who were earlier working from home are finding this particular situation strange. You are suddenly handling an entire family that is going through a new challenge. Whether you are handling kids who are also adjusting to the new regime or are worried about family members…

How to Find Positive Ideals in a Negative Market

If you are tracking the news daily, you might be experiencing a shock of negativity. People will be predicting all kinds of doom and the outlook may look dull seen from the news channels’ eyes right now. But there are a lot of positive things to look forward to in bad times as well. Friends, make it a habit to look at the brighter side of things and you will automatically see only opportunities. Yes, there are threats, but don’t get bogged down by them because you can certainly beat the crisis by being positive. Here are some interesting positive…

How to Connect Effectively with your Team

Communication is one of the most difficult aspects of the lock-down scenario. While employees are working from home, it becomes very hard to pass on information from top to down and vice versa. However, it is equally true that communication between the management and employees is extremely crucial in this stage not only to achieve targets but also to make sure that employees are safe and sound in this crisis. Here are a few ideas that entrepreneurs can use to build up team spirit and show your leadership abilities in this situation. Show the team how much you care Don’t…