How should SMEs tackle the Coronavirus Pandemic?

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How should SMEs tackle the Coronavirus Pandemic?
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• What is the impact of the Covid-19 pandemic?
• Worldwide, rapid and intense
• Global financial instability
• Cash frozen, wealth and employment have vaporized
  in few months
• Years of bull market gains upwards of US10
  trillion wiped out in few weeks
• Startups funding and Mergers and acquisitions
  have come to standstill. Companies and
  individuals are going to hold cash Sign for
  major liquidity crunch
• Banking will see more NPAs Incl. retail in
  coming years May harden banks to lend further
• Distress signal for airlines, tourism, event
  management, logistics, restaurants, entertainment
  industries

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• What are immediate risks for SMEs?
• Inflow of cash from previous activities have
  stopped, thus search for new revenue models
• Obligations clock is NOT frozen interest,
  employees etc.
• Fixed Costs are overwhelming
• Payment to suppliers, liquidated damage issues,
  force majeure issues.
• Additional liquidity may be tough to find until
  market eases
• Retail business has vaporized and online retail
  has emerged

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• What to do?
• Identify key members to make a kitchen-cabinet
  team to evaluate daily situation and plan ahead
• Model your risks. Make multiple PL Cashflow
  scenario. Plan for the worst
• There could be opportunities as well we learn
  that Alcohol manufacturers are now making
  Sanitizers, Engineering Companies can make
  Ventilators, molding companies can make hospital
  beds
• Plan for short-term and mid-term.
• Investing in technology seems a great option
• Networking and connecting with industry
  specialist to venture out into different fields
  is a great way of tackling the current and future
  issues
• Promoting your existing business online is a
  necessity right now

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How can GlobifyX help?

• At the time of the pandemic, GlobifyX has emerged
  as a unique business social media platform for
  the ease of posting the queries and promoting
  your goods and ideas in real time. The technology
  lets users connect with right set of
  customers/partners who have similar business
  interests helping to enhance the network.

X-Fran Connecting the Franchisors and Franchisees
easier, better and efficient way. Grow your
network and explore new business
opportunities. X-Brands Create your own
personalized brand store without the hassle of
complicated listings and online selling
processes.  X-Connect A personalized chat
feature enabling you to interact with customers
real time. 
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Benefits of Choosing GlobifyX
With GlobifyX, a business can benefit in 3
significant ways Building a Brand What better
way to get noticed by businesses, potential
partners and other people of importance than to
showcase your assets on GlobifyX. A business
profile is a portfolio of your business
products and therefore should be viewable by
others with some restrictions. Ease of
networking You can introduce yourself directly
to a person that does not know you using the
X-Connect Chat feature. Setup an online store A
personalized X-Brands e-store to shop for
exclusive products services
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Biggest innovation in Business Social Media

• Use GlobifyX for the following
• Strengthening business connections
• Get fresh ideas
• Advance your career
• Get access to job opportunities
• Interconnected business contacts more knowledge
• Build confidence
• Gain a different perspective
• Develop long-lasting personal relationships
• Get an answer to every question

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Sign up for free today!
GlobifyX is here to transform the way you do
business.
Register today and Promote your Business online
by starting your digital transformation journey.
Create your digital profile for your B2B or B2C
business, and become a part of a growing
community of businesses.
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SOCIAL MEDIA
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