SINGAPORE / ACCESSWIRE / October 19, 2020 / Virtual Electronics had its top professionals come up with an advice for small and medium sized businesses to resist the pressure of COVID-19 and the following world economic situation. Serge Przhevalskiy, Chief Marketing Officer of Virtual Electronics, believes that by implementing this advice, SMEs can emerge even stronger in the long run:
'What do you do when suddenly the whole world is hit and in transition? The COVID-19 pandemic froze entire industries impacting consumer behavior and value chains so unexpectedly. And some changes are irreversible. But even realising the amount of damage done, you should avoid falling into depression at all costs. Instead, ask yourself: how can you deal with it? What can you do to create a better future for your business to thrive?'
Top specialists of Virtual Electronics are ready to present their advice to help you create a new action plan. It may come as shocking but the Covid-19 crisis brought some opportunities as well. As surprising as it is, the pandemic has been amplifying innovation.
The lockdown changed our world overnight. Some lucky sectors instantly got hundreds of new customers and some worked hard to survive, most small and medium sized businesses soon were demolished. Nonetheless, the Virtual Electronics team wants to encourage business owners not to give up their hope. In a multinational collaboration with their partners and customers, the team developed universal recommendations for SMEs working in any industry. Serge Przhevalskiy further explained how business owners can try to regain control over the situation and possibly even get ahead in the post-corona world.
'Firstly, you should try to find ways to adjust your business seamlessly here and now. While we are yet to know corona's impact on our world and economy, sooner or later the new reality will come and you want to be ready for that. Try to run your business with new models or adjustments to just stay on your feet.
Secondly, try to act quick and search for new opportunities. The economy will slowly recover leading to new market demands. Check tendencies and try to fit in. Remember that having overcome today's challenges, the world will be in need of innovation more than ever.
Lastly, nothing lasts forever. Keep in mind that businesses will thrive again in the future when the crisis finally steps away.Think of how can you realign your business in order to fit the new reality', he said.
The Virtual Electronics team hopes that this advice can lead to the right action adding up to what you are already doing to save your business. While it is tough to lead now when the entire world is in an unpredictable flux, there are still things that you can do to resist the pressure of the COVID-19 crisis and beyond.
ABOUT VIRTUAL ELECTRONICS
Founded and run by software engineers, Virtual Electronics PTE LTD is a Singapore based IT outsourcing and custom software and mobile app development company driven by talent and powered with technology. We at Virtual Electronics believe that customer trust and confidence are vital for a successful collaboration. That's why we are committed to protecting customer privacy at all costs. Rest assured that we handle your personal data responsibly and with integrity.
SOURCE: Virtual Electronics PTE. LTD
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