The lender decided recently to issue the bonds after observing rising investor confidence in Australia.
Korean Air has been manufacturing and supplying aircraft parts not only to Airbus but also to Boeing.
How to Get Business Back on Track Post-COVID-19
While the COVID-19 pandemic is still raging all over the world, hitting Europe and the US like it has never hit China, most of our thoughts are centered on the here and now, and how to keep our businesses afloat, make it to payday, and just survive.
However, thinking about the future now can also save us some serious head- and heartache later, when all of this ends, and we get back to some semblance of normalcy.
Because it will end.
To that end (pun intended), here are a couple of things you’ll want to keep in mind regarding getting back on track post-pandemic.
Don’t expect things to be as they once were
The first thing you need to come to terms with is that things will not just be back to business once the pandemic lifts and it’s safe to go back outside and resume our lives.
First of all – we can’t predict how long isolation and quarantine are going to last. And with that in mind, the economy may be in a very unforeseen state a couple of months down the road. Which is why you shouldn’t expect yourself, your business, your employees, or your customers to just pick up where you left off as if nothing has happened in the interim.
Once you accept that things will be different, you can start making plans on how you will tackle these new circumstances.
Invest what you have today in what you can have tomorrow
Whether your business is allowed to operate at the moment or not, try to look at this downtime as a chance to invest something.
If you have the funds, you can invest them wisely and wait for them to return once this is over.
If you have the resources, try to help other companies or individuals – not as a business move, but because it’s the decent thing to do.
If you have the time, try to use it well: educate yourself on the things you have always wanted to learn but never had the time for, figure out new ways to run the business, give your staff a chance to further their own skills.
Of course, if you’re not up for all of that mentally, just going through the motions day in and day out will also suffice. Don’t push yourself too hard if you feel you’re not ready.
Prioritize self-care, whatever that may be
If you want yourself to be able to jump as fast and as high as you need to once the world returns to normal, you need to prioritize your own wellbeing for the time being.
And we’re not just talking about staying safe and COVID-19-free. We are talking about your overall physical and mental health.
Try to prioritize sleep, now that you are staying at home more and can work on improving your sleep schedule. There are often good Memorial Day mattress sales you can take advantage of, and make sure you are well-rested.
Try taking up yoga, or meditation, or any other activity that will help keep you grounded and centered. Do some home workouts every day, eat as well as you can, and don’t give in to the pull of lounging around all day. By all means, rest as much as you need to, but remember to also get up and keep yourself engaged every day.
That way, you will be in shape when you need to be, and ready to get back into full-on business mode.
Plan out different scenarios
Since there is no way to tell how big or how bad all of this is going to end up being or how long it will last, the best thing you can do now, while things are still uncertain, is to make a plan for all kinds of scenarios. Give thought to questions such as:
What happens if you have to stay closed for another two months, three months, six months?
What if you have to keep working from home?
What if you have to let someone go?
How can you market your business now?
How can you help your customers out?
What kind of content can you focus on at the moment?
What is it that you need to change in the business to make it adapt?
And so on.
Having a plan, or at least an idea in place for different possibilities, will allow you to be much better prepared and execute things more easily when the time comes.
While we all anxiously await a post-COVID-19 world, try to focus on the good instead of the bad, no matter how difficult that may seem at certain moments. And know that there will come a time when it will once again be business as usual.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes.