The authors offer a tool to assess the coronavirus’ impact on your business model, as well as to identifying potential opportunities and suitable risk responses. To start, you’ll look at the four core dimensions of your business model: customers, value propositions, value demonstrations, and capabilities. Next, you’ll analyze the connections between these dimensions. Then, you’ll define realistic objectives for your organization during and after the crisis.
When a crisis like the coronavirus pandemic hits an organization, its executives need to assess the impact on their business model, both immediately and over the long term. A framework we've developed over a decade of teaching can help executives identify the business-model risks and opportunities that the crisis presents.
While you're here, how about this:
Chamber to give $5,000 grants to small businesses | TheHill
The U.S. Chamber of Commerce launched a fund to provide assistance to small businesses in the form of $5,000 grants, the pro-business lobbying group announced on Wednesday.
The Save Small Business Fund, in collaboration with Vistaprint and with support from Merck, S&P Global Foundation and Travelers, will include contributions from corporations, philanthropies and individuals. The grant is expected to address small businesses' immediate needs like closures and job losses, as well as support their long-term recovery.
3 Questions To Determine Whether You Should Start A Coaching Business
"Really?" I asked. "I thought you wanted to get into content marketing." This change of plans felt sudden and abrupt, considering we had just mapped out a perfect path for her to land her next marketing job.
* * *
Before you dive into this line of work, you need to make sure it's right for you. It takes a great deal of effort and intention to be a successful coach, especially in the growing sea of coaches. Here are three things you need to consider before launching a coaching practice.
Instagram gift cards, food orders, for small businesses announced
Facebook is taking yet another move to help small businesses. On Wednesday it announced that Instagram is making it easier for small businesses to feature gift cards, online food orders and fundraisers in their profiles or stories.
Starting Wednesday in the U.S. and Canada, Instagram users can tap on a gift card or food order to make a purchase through a company's site. Fundraisers created by a business or its supporter open on Facebook.
Instagram users can spread the word by resharing the stickers in Stories, to encourage their friends and followers to also support small businesses. It hopes the feature will help small businesses ramp up sales.
Other things to check out:
Metro Detroit business owners worry about customer/employee experience after reopening
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DETROIT – Local 4 rounded up a panel of business owners who are very concerned about the process of getting back into business. They spoke about their fears, frustrations and how they might affect everyone.
Whether a business makes chocolates, grows flowers or sells retail, the question now is how they will be able to reopen and how that will impact the customer and employee experience moving forward.
A group of business owners devastated by the coronavirus closures joined a Zoom video call with Local 4′s Paula Tutman to discuss how things could be different once businesses reopen.
Business Leaders Urge Trump to Dramatically Increase Coronavirus Testing - WSJ
WASHINGTON—Banking and financial services executives told President Trump that his administration needed to dramatically increase the availability of coronavirus testing before the public would be confident enough to return to work, eat at restaurants or shop in retail establishments, according to people familiar with the matter.
Happening on Twitter
Ofcom says it has received 419 complaints about Eamonn Holmes' 5G comments on ITV's This Morning. Ofcom spokesperso… https://t.co/MrXxZ5zgd7 LeoKelion (from London) Tue Apr 14 08:26:19 +0000 2020
Ofcom has said it is assessing an incident during Monday's This Morning "as a priority" after presenter Eamonn Holm… https://t.co/GP0R8UosmQ jessbrammar (from Peckham, mostly) Tue Apr 14 08:57:27 +0000 2020
Pres announces decision to halt US funding of @WHO while assessing its handling of the Coronavirus crisis. Pres cha… https://t.co/fNjXanlOuJ markknoller (from Washington, D.C.) Tue Apr 14 22:20:25 +0000 2020
Mr. Geoffrey Onyeama, Minister of Foreign Affairs, in company of Zhou Pingjian, Chinese envoy to 🇳🇬 says the "alle… https://t.co/j7lpag4Abg Laurestar (from London, England. Abuja Nigeria) Tue Apr 14 15:51:34 +0000 2020
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