Crispin Nkya
MBA/Finance Student
It’s safe to say that Covid19 has changed the way businesses operate and interact with their customers like never before. With millions of people working from home, hospitals overwhelmed like never seen before in the last 80 years, this pandemic has definitely shown the cracks in the system. It’s just a matter of time before the elephant in the room will be the main topic. Below are few things indicators that there is a financial crisis that unfortunately some businesses might not be able to survive and as the global pandemic keeps looming, the change is here to stay.
–Restaurants, Gyms, Hotels and small businesses in crisis.
-1/3 of Americans haven’t paid their rent as of 04/12/20.
-Food and medical supply chains overwhelmed.
-Unemployment skyrocketing.
-We are borrowing more money as a nation to stabilize the economy.
-The Fed is using all its nuclear options available and the interest was already low before the pandemic.
The question in executive offices even the federal government is how should we stabilize the bleeding? What can we do to protect our financial wellbeing Incase of future pandemics? What does it mean to have employees in one area?
Solutions
–Use technological advancements to come up with ways predict downfalls like this.
-Invest In telecommuting strategies.
-Diversification is key.
-Hiring and training employees tot handle unprecedented situations like these in the future.

Creating my own space in the world, one post at a time…. Crispin Nkya
#InvestInYou #WalkTheTalk #SiezeTheMoment #Motivation