Handling a Business Closures Due to Coronavirus Pandemic

Handling Business Closures Due to Coronavirus Pandemic After placing the country under a state of calamity due to the spread of the Covid-19 virus, many people and businesses have been affected and overblown. Based on the study, coronavirus will still be active until the end of the year. As of July 17, there are 33,000 […]

Handling Business Closures Due to Coronavirus Pandemic

After placing the country under a state of calamity due to the spread of the Covid-19 virus, many people
and businesses have been affected and overblown. Based on the study, coronavirus will still be active
until the end of the year. As of July 17, there are 33,000 active cases only in the Philippines and it is
expected to rise as soon as testing kits become widely available.
As of now, Luzon and other Islands were placed on GCQ and MECQ, which starts to adapt to the new
normal living. The government starts to resume and reopen the malls, restaurants, and other
establishments as long as they follow the safety protocols given. They also allow the trains and
buses to travel for the workers and employees. However, Cebu City is still on ECQ due to quickly
spread and high cases of coronavirus in their area.
With the strict regulations and policy by the government, many businesses decided to make a
temporary closure as well as force shutdowns. Some companies implemented work from home and
the skeletal workforce for essential services.
Everything has changed because of the pandemic crisis including the lifestyle of people. The busy and
noisy streets are now empty and prospective customers are presently staying on their homes to keep
safe and secure. For businesses, it is hard to gain profits at this time where people are afraid to
leave their houses. If a business needs to have a temporary closure, this should undergo properly. There are many reasons why this happens such as regulatory issues and economic conditions.
Here are tips on handling a business closure due to coronavirus disease.

 Generate a plan

They say, expect the worst and hope for the best. As coronavirus spreads, businesses should
be guarded and protecting their companies as well as their employees. Due to pandemic,
the government forces some businesses and establishments to temporarily shut down. One of
the keys is to be prepared and create an emergency plan.
A company must have their emergency plans before an outbreak affects their businesses. It
also includes a strategy to help and protect their employees before the worst strikes.
 Keep updated with your employees
Even though you have stopped operation in the meantime, it’s good to keep posted and
updated with your staff and employees. You may send them news about coronavirus
disease and other informative stuff through emails and messenger.
Caring about your employees is one of the best things you can do in this pandemic. You can
also, ask them about their needs and concerns to assist an aid for them.
Some companies and businesses that stopped their operations give help on their affected
employees such as continuous wage or groceries.

 Take advantage of relief and programs from government
We know that coronavirus has a huge impact on the Philippine economy. That’s the reason why
the government is offering relief and programs that might help small businesses and their
employees. They provided funds to assist the affected companies that stopped their
operations.
Businesses can apply for loans from the government that can help them cover their expenses
and overheads. There is also an aid for employees affected such as SBWS, Camp DOLE, and
Calamity Loans that is easy to apply.
Some banks and big institutions give extensions for the payment of their bills without any
penalties.

Conclusions:
Right now, we are slowly gaining back the economy and market industry. After closure and
shutdowns of some business, let’s start a new beginning for us. We needed to adapt to the new
normal and think of ways to gain back from your business.