We talked to founders from across various industries in the Gen.T community to learn how they've rapidly pivoted their businesses to survive and thrive in a post-pandemic world
Since the coronavirus outbreak there's been constant reports of startups across the region cutting staff, closing locations or shutting down entirely. Most who have survived have done so by quickly adapting to the new situation and making drastic pivots to keep their business afloat as capital dries up. Unless, of course, you're in telehealth, food delivery, contactless payment, ed-tech or any of the other industries that have thrived in the time of coronavirus.
But while it's a difficult time for most businesses, a crisis can also open up the competitive landscape to those who display resilience and weather the storm. More than half of Fortune 500 companies were started during a recession or bear market.
Here, we speak to six entrepreneurs from the Gen.T community to find out how they have been coping with the next normal, and learn more about the measures they are implementing to ensure the survival of their business post-pandemic.
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Embracing Teleconferencing
Juliana Chan
CEO, Wildtype Media Group
“In a post-Covid era, I think all companies including mine will continue to embrace remote work," says Juliana Chan, who is the founder and CEO of STEM-focused media company, Wildtype Media Group. Since Singapore went into lockdown, she and her team have organised daily town hall sessions on Zoom and started a reporting system that sees team leaders working with their team to set daily KPIs.
On top of this, Chan is now open to the idea of hiring overseas talent, "since it really doesn't matter where our team is based if everyone can work remotely and productively."
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