The chances are that you are reading this from home rather than at the office. We would like to point out how this situation is affecting us all. Communication problems? Lack of motivation? Loss of productivity? What are the problems you are facing on the short term?
Communicate face to face as much as possible. Zoom, Skype and Google Meet are the way to go.
Avoid long and complex messages via WhatsApp, Slack, or iMessage.
Pretend you're in the office. The more affinity with the office feeling, the more you will fall into your typical office habits and behaviour.
Dress “smart” in the morning and have a little stroll to make it feel like you are going to work.
What do our studies show so far?
In a recent survey by influencermarketinghub under 237 brands, it highlighted that 65% of respondents noticed a decrease in revenue. 38% of the respondents believe they may have to lay off workers due to coronavirus. But it is not all bad, at least 28 percent of respondents believe sales are going up! On another positive note, there has been increased interest in news, and this sector saw a 52% increase in ad spending since the start of the crisis.
A few tips to keep the cash flow going:
Come up with unique creative ideas for your customers
Gain some extra insights into your own finances.
Stop non-essential expenses
Make sustainable payment arrangements with suppliers and customers
Think of actions or expressions that customers already pay for, but that are published after the crisis.
Long term effects
Within the user base of Rodeo (mostly creative companies), we see that there are different perspectives in going forward. Everyone has their own predictions about the long-term consequences of the coronavirus. If a project is cancelled for an event agency, this can mean the end of the organization. Especially when costs have been paid in advance. For an online marketing agency, this may lead to the intern cleaning out the kitchen cabinets.
It will come down to the strength of the business model, combined with the adaptability of the organization. This can be compared to the Theory of Evolution. Those who are not strong, must be smart. Being smart in this context doesn't necessarily mean coming up with a complicated solution, but using your common sense. This could be a small simple change.
Let's take Ford as an example. They recently pivoted their production towards manufacturing respirators and ventilators. Or Walgreens, that started drive-thru testing for first responders. So coming up with actions that relate to the core of your business can help people through these tough times and can create goodwill.
Stay in conversation with your customers
Search for new opportunities
Share your knowledge- to ensure long-term survival of your industry, with competitors helping one other
Opportunities and challenges
Because of remote working, many people have extra time available for work. They no longer have to undertake the daily commute to and from work. Furthermore, there is also a lot of downtime. The result of this is that people have more free time to do leisure activities that are usually restricted by the length of their working day.
What opportunities can this crisis offer?
Renewing or developing your product
Optimizing and maintaining workflows
Developing new strategies (based on the “new normal”)
Keep building your customer relationships
What am I going to do with this extra time?
In the madness of the day, the project administration is often forgotten in the sea of daily priorities. The madness from before the crisis is no longer present. We have no doubt though that it will return. So now is the time to make sure that your project administration is in order. Not only that, we can even refresh your internal processes. This way you will be able to cope with the demands of the madness, when it finally returns.
Certain tools help us get through the “new normal”. Zoom in the morning when we start. Slack for the jokes we used to make at our desks. These apps have become even more vital than they were before. So this is the ideal time to also rethink where teamwork could be smoother. Because if you can do it with ease from home, it should be a total breeze in the office. Here, time is easily won!
Maybe it’s a great time to reconsider whether you really need such a large office in a premium location.
As indicated earlier, companies need to share knowledge. This situation is new for everyone, so be sure to share your experience and tips! If you have such insights, please email us.
Conclusion in times of crisis
Nobody has wanted or asked for this. There have been profound impacts, and the world will not be the same again. Still, it is important to focus on the possibilities for the future. This may contain the solution. Adaptive entrepreneurship and proactive work.
It is a time when everything must be reconsidered. This will not always be fun, but for sure it can work to your advantage. Be alert, respond where necessary and above all stay safe!