Establish a dedicated team of leaders comprised of different disciplines.
Corona Crisis Playbook
Create a Crisis
Task Force
Appoint Team
Appoint a dedicated team of leaders from different disciplines to create and manage your strategy, in all mission-critical areas of your business, including, but not limited to: capital management, communications, human resources, virtual workforce, facility management and other critical areas of your business.
Assign Tasks
Assign areas of responsibility to leaders in each mission-critical area of your business.
Create Plan
Create a detailed action plan that describes what needs to be done, how, by whom and by when.
Manage Process
Manage the process by meeting daily and confirming all assigned tasks were completed. It is important to be nimble so you can be prepared to adjust quickly as market conditions change.
Create a Plan to Survive the Crisis &
THRIVE DURING THE RECOVERY
Manage, protect, and grow your people & your business
Create a plan that outlines everything your business needs to do to manage, protect and grow your people and your business during and after the crisis. By planning proactively, you will minimize the risks during this crisis and maximize the opportunities after the crisis.
Create a comprehensive plan
Include capital management, communications, marketing, facility management, , human resources, and other mission-critical parts of your business.
Defensive & offensive strategies
Create defensive and offensive strategies that are ready-to-implement, depending on the market conditions. Be prepared to shift from defense to offense, to grow market share while other businesses are on the sidelines.
Forecast & Prepare for
BEST & WORST CASE SCENARIOS
Stress test your financials
Simulate different scenarios to forecast how to manage cash flow, if and when revenue decreases. Conduct financial stress tests to determine your cash flow positions in multiple scenarios, from best to worst case scenario, assuming you lose 25%, 50%, 75% and 100% of your revenue.
Absenteeism in the workplace
Plan for a high level of absenteeism in your workplace, due to sick employees, those who stay home to care for sick family members, and those who must stay home with children. Educate your leadership team on how to properly handle employees who are sick, while also managing the operations with a skeleton crew. Create a skeleton-staffing strategy and processes for running your business with a smaller workforce, potentially up to half of your current staff.
Cross-train employees to perform critical functions so the workplace can operate if key employees are absent.
Identify
ALTERNATE SUPPLY CHAINS
Prioritize the acquisition of supplies that are mission-critical to generate short term revenue. Find additional suppliers, to hedge against the limited ability for your suppliers to manage the demand for their services while a large portion of their workforce could be absent from work.
Resources
Playbooks
- Corona Crisis Playbook
- Stimulus Funding Programs
- Paycheck Protection Playbook
- Economic Injury Disaster Loan Playbook
- Main Street Lending Program Playbook
Guides for Dealers
Guides to Operational Excellence in Crisis:
- Guide to Planning
- Guide to Capital Management
- Guide to Communications
- Guide to Human Resources
- Guide to Virtual Workforce
- Guide to Facility Management
- Guide to Marketing
- Corona Care Guide for Businesses
- Corona Care Guide for Families
Paycheck Protection Program Guides:
- Guide to Fast Funding – Summary of PPP
- Guide to Fast Funding – Overview of PPP
- Guide to Applying for a PPP Loan
- Guide to Calculating Max Loan Amount
- Guide to Max Loan Forgiveness
- Guide to 10 New Benefits for Small Business
- Guide to Applying for EIDL
- Guide to Applying for MSLP
Planning Resources
- Harvard Business Review: Resources to Help your Small Business Survive the Coronavirus
- Leading through Corona: Bain Consulting
- Impact of Crisis on Growth Company Valuation
- Center for Disease Control: Plan, Prepare and Respond to Coronavirus Disease 2019
Capital Management Resources
- US Treasury Coronavirus Actions Page
- IRS Coronavirus Page
- US Department of Labor Coronavirus Page
- US Chamber of Commerce Payroll Protection Program Summary
- Small Business Administration (SBA) Paycheck Protection Page
- Small Business Administration (SBA): Small Business Guidance & Loan Resources
- Goldman Sachs
- NADA
Communications Resources
- The Power of Good Communication in the Workplace
- 20 Ways to Communicate Effectively With Your Team
- Managing Organizational Communication
- Getting your organization ready for COVID-19
- How to Plan for Workplace Emergencies and Evacuations
- Best practices for your internal communication strategy
- IABC COVID-19 Resources
- The U.S. Department of Labor (DOL) Services by Location
- The U.S. Chamber of Commerce Directory
- The International County/City Management Association
HR Resources
- Workplace Safety
- Wages, Hours and Leave
- Families First Coronavirus Response Act (FFCA)
- Group Health Insurance
- Unemployment Insurance
- Workers’ Compensation
- Discrimination
- Medical Privacy
- Taxes
- Legislation
- Department of Labor
- EEOC
Virtual Workforce Resources
- A Guide to Managing Your (Newly) Remote Workers
- Five Advantages and Benefits of Video Conferencing
- Four Ways To Make Remote Work More Effective
- 4 Tips for Successfully Managing a Virtual Workforce
- Creating a ‘Third Culture’ Is Essential for Successful Remote Working
- Guide to Enterprise Telework, Remote Access and Bring Your Own Device (BYOD) Security
Facility Management Resources
Marketing Resources
- What The Coronavirus (COVID-19) Means For Marketers
- 5 Ways to Do Smart & Responsible Marketing During COVID-19
- Adapt Your Marketing Strategy for COVID-19
- Inside Google Marketing: 5 principles guiding our media teams in the wake of the COVID-19 outbreak
- 8 Ways for Your Business to Stay Ahead During the COVID-19 Outbreak
- Why Companies Turn To Digital Marketing To Survive COVID-19
Employee Resources
- Corona Care Guide for Families
- Corona Care Guide for Businesses
- Employee Benefits | Sick Leave & Unemployment
- Families First Coronavirus Response Act (FFCA)
- Working Remotely: A Complete Guide to Turn You Into a Pro
- The Verge Guide to Working from Home
- Coronavirus: How to work from home, the right way
- SUCCEEDING FROM HOME: Here’s exactly how to thrive as a remote worker in the days of coronavirus
- USA Today: Top 13 tips to work at home amid coronavirus concerns
Family Resources
Corona Resources
- Corona Data Analysis
- State & Territorial Health Department Websites
- US Department of Health & Human Services Facebook Page
- US Department of Health & Human Services Twitter Page
- CDC Facebook Page
- CDC Twitter Page
- Google Coronavirus info site
- Informational YouTube Video on Coronavirus
- KPMG COVID-19 Economic Impacts
- JP Morgan COVID-19 and the Markets
Videos
- The Call to UNITE
- Surviving quarantine and isolation – 20 tips against cabin fever
- Italians in nationwide coronavirus lockdown sing together to boost morale
- ICU Doctor at Cornell NYC: Tells you exactly what to do to protect your family
- The sky is clearing: An inspirational film l Coronavirus Pandemic
- Let It Be – The Deerfield Virtual Ensemble
- Playing for Change – YouTube Page