The virus will have a significant negative impact on the economy, your customers and thus your organization. As there is no business as usual you need to rethink yours. This Inc. article below describes how McDonalds is using focus and simplification. Click here to read what RIZECLUB members shared on business survival?
Simplify your production.
If you’re thinking of ways to streamline your business, are there product offerings that take up more than their share of resources? Those might be the ones to target first.
Fewer choices should mean a faster customer experience, provided McDonald’s is confident that it won’t destroy its own sales in the process.
This should be a part of your thought process as well. Can you eliminate some customer decisions without further hurting sales as a result of the pandemic?
This is key for many businesses: The more you can keep serving your clients and customers, even if you have to reduce some of your offerings, the less opportunity you give competitors to intrude on their habits.
Scaling back your goods and service offerings, and especially conserving resources when demand might be lighter, can position you to take advantage of the new landscape on the other side of the crisis.