Question

You are thinking of potentially investing in one firm in Calgary right now. Business seems to have performed well for the past 2 years however covid 19 is on the horizon and right now you are thinking this is a good time to invest in the business of your dreams. Please tell me in your words what would you do to ensure that business becomes successful and survives during the pandemic.. (select the business of your choice , what tools would you utilize to conclude your analysis * financial statements , stats Canada, social media etc>>>>ratios

Answer 1

1) Review th existing situation and plan your goals for short term(for eg : 3 months,6 months)

2) If you have taken long term decisions already, break it into small review periods because as covid 19 situation is changing you can change decisions accordingly.

3) More emphasis on long term and loyal customers.

4) Make the stakeholders confident in your business.

5) Take steps to improve the morale of employees.

6) Take primary concern for the safety of customers.