The challenges and changes the retail and service community is facing from the global COVID-19 outbreak are unprecedented. As business owners try to figure out the best course of action for their businesses, it’s helpful to look at the ways others in the community are responding. This growing collection of tips and advice can act as a resource for you and your business during this uncertain time.
- Billionaire entrepreneur Mark Cuban took to LinkedIn to provide advice to small business owners, including how to keep business steady and how to avoid employee layoffs. Read more about his advice on CNBC here.
- Gallup collected the “strategies and policies of 100 members of the CHRO Roundtable,” an organization that includes the chief human resource officers of more than 650 of the world’s largest companies, for their responses to the COVID-19 pandemic. Click here to read the full report.
- Women in Retail Leadership Circle, published a piece titled, “Liz Elting’s 9 Necessities for Business Survival in a Crisis.” In the article, Elting, an entrepreneur and philanthropist who grew her company TransPerfect from a dorm-room startup into a billion-dollar enterprise, amid both 9/11 and the 2008 financial meltdown, offers nine necessities for business survival in a crisis. Read the full article here.
- Target Marketing published an article authored by Jessica Nable on how brands should communicate during uncertain times. Nable addresses why now is not the time to stay silent with your employees, customers, and other stakeholders, OR offer coronavirus discounts or apocalyptic sales. Click here to read her advice on developing a brand communications strategy that informs, educates and provides reassurance.
- USA Today compiled a list of businesses that are unfortunately ceasing operations or making drastic cuts to production and staffing. Read the full list here.
- Amazon.com announced that it will be hiring 100,000 more workers to meet the surge in online orders due to the virus. The e-commerce giant will also give U.S. workers a $2 an hour raise in an effort to meet crushing demand from customers placing online orders for household essentials rather than going to crowded stores. Read more from Bloomberg on the story here.
- There are lots of tips and tricks going around about navigating remote work. Here’s a great article from TIME with five tips for staying productive and mentally healthy while working from home. Read the full article here.
If you see any great business tips or pressing news related to how retailers are responding to the COVID-19 outbreak, please send us a direct message in the website chat bubble, or tag Black Business Owners of Florida on social media.