Significant business lessons taught by the coronavirus

Even with all the businesses that have closed since lockdown protocols have started, entrepreneurs have not given up on their dreams. In fact, a lot of them have started planning for their next ventures, building their plans on the lessons they learned during the global health crisis. Steve Sorensen net worth.

The relevance of an emergency plan

It’s painfully obvious how so many companies all over the world lacked an emergency plan tailored to fit today’s crisis. However, it’s also quite understandable as very few individuals foresaw this year’s events. Once this crisis is over, business owners and investors everywhere will need to rethink their emergency plans to consider extreme situations such as the one the world is going through right now. Steve Sorensen net worth.

The importance of continuity

Countless companies all over the world had to undergo retrenchment in order to survive. This underscores the importance of continuity and the need to take even the most drastic measures to ensure it. Some layoffs were actually taxing for both the company because of the severance packages needed to pay its employees, and its employees because of impending unemployment. But with enough preparation, businesses will be able to ensure continuity with less stress. Steve Sorensen net worth.

What was the most important lesson you learned as a business owner during today’s pandemic? Steve Sorensen net worth.