'Unprecedented' has become remarkably popular with commentators. This is true for businesses too. Many are facing huge challenges, including household names, and stalwarts of the UK economy. Ho…
We have not seen anything like this before
'Unprecedented' has become remarkably popular with commentators. This is true for businesses too. Many are facing huge challenges, including household names, and stalwarts of the UK economy. However, most remarkable is how so many are adapting to working within a lock-down. Dealing with customers, particularly consumers is extremely trying, but for many other companies, home or distance working have been embraced in ways even the most ardent advocates could only have dreamt of just a few weeks ago.
The government is committed to supporting all businesses, and is backing UK Plc with vast under-writings, of wages, grants, loans and other schemes. The obvious question is 'How will this be paid for?'
That is where we can all do our part.
Stay at home - Protect the NHS - Save lives
Of course, we all need to stay home and follow the advice - safety first! But we should not sit back. Now is our chance to think about how WE can keep UK Plc working. How can we continue to trade? How can we continue to earn? How can we continue to prepare to pay back these sums the government has provided at this time of crisis.
At Corpdata, we know that many in the B2B space are still working. It's not the same, that is for certain, but commerce continues. Indeed, some see possibilities.
"In the middle of difficulty, lies opportunity"
So observed Albert Einstein. And he has a point. Despite the challenges, some companies are actively looking to find new customers, to help clients, to solve problems when other less versatile organisations are struggling to do so. And as they capture those slices of their markets, as they build their customer base, they also lay down the basis for their profits. It will be those profits that eventually pay back the debts we are all now running up.
Do your bit
Our doctors, nurses, carers, pharmacists, food retailers and all the other key workers continue to selflessly do their duty. We also have our responsibilities. We must keep the lights on, we must strive to ensure transactions continue, we must keep the wheels of industry turning.
If you are able to keep providing your goods and services, we can help you find companies to sell them to.