Insider Resources COVID-19

Two Against One: Battling COVID-19 & Inflation While Running a Business

Is Covid still a threat to your business?

Even though the U.S. is experiencing another surge in Covid cases in some parts of the nation due to continued variants, we are also seeing Covid testing sites close due to lack of demand. For your business, that means Covid cases are still a potential threat to your workforce and production, but with fewer clinical resources to give you the information you need to protect your worksite. At-home test kits are available, but come with their own set of risks.

Have you considered the benefits of onsite Covid testing?

 

Workplace Safety Screenings provides a variety of on-site Covid testing. This gives you and your workers access to fast, reliable testing that can help you make strategic decisions for how to handle positive cases, sick-leave policy, as well as meet travel requirements and offer employee vaccinations. In other words, on-site Covid services give your business a better opportunity to be nimble and responsive to the evolution of Covid strains.

 

Can your business afford to lose productivity from Covid?

 

Financial loss due to Covid, like the disease itself, is no respecter of persons. Small businesses were sent into financial ruin, community staples had to shut their doors permanently and even the nation’s biggest businesses were not immune. In 2020 alone, Disney lost 1.4 billion dollars as a result of Covid and it only escalated from there. Starbucks lost 3 billion in a single quarter, the NFL 4 billion and the Airline Industry lost more than 200 billion dollars. BP “cut its global workforce by 10,000 workers.” These are massive numbers from major players, but these companies also have the resources to recover. While the economy is on the upswing, many businesses are still struggling from the aftershocks. How do small or midsize businesses gain traction amidst an ongoing threat? In addition to an already injured economy, here comes inflation. The Whitehouse is predicting the price of goods and services will become “extraordinarily inflated.”

 

You Don’t Have to Participate!

The business titan, Walt Disney, once said, "I've heard there's going to be a recession.  I've decided not to participate."  You can treat the economic difficulties the same as you would the financial difficulties you always face while running a business.  Instead of focusing on the economy itself, which you have no control over, focus on solutions  If there is a recession, you can start a business and succeed. Jack Welch, the former CEO of General Electric put it this way: “The smart and focused entrepreneurial companies that work around it will still do well. As an entrepreneur, “the unknown” will always be a part of your life.”

 

“Entrepreneurs have been hit with a double whammy. First, COVID-19, and now, a recession. What I know to be true is that if you focus on the problem, you will be an expert on the problem. However, if you focus on solutions, you can become an expert on the solutions that will get you through both struggles. A powerful mindset begins with the belief that you can find solutions to the current situation.” -Entrepreneur

 

The entertainment industry demands that, “The show must go on!” This is true for any business. Life must go on and so too must the businesses that make our way of life possible. Even with the economic strain, your business can succeed when you use strategy and tested methods to combat the threats. With Covid testing services and other prescreening options, you can maximize your dollars by vetting potential employees and by using Covid testing sources to protect the ones you already have. You don’t have to participate, you just need to find wise, reasonable, and proven workarounds.

 

Keep production on the rise, even as the economic climate slows.

 

To find out more about how to safeguard your business from the threats of Covid (with the added pressure of excessive inflation), contact Workplace Safety Screenings.

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