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The coronavirus is spreading rapidly. The media is full of related articles. More and more of your employees and customers are becoming anxious about personal impacts and disruption. Panic buying is emptying store shelves of various products. Fewer people are attending events or leaving their homes for discretionary reasons.

How can you minimize the impact of the coronavirus on your business? Here are some relatively quick and easy actions that will reduce risk.

Because the coronavirus situation is unfolding rapidly, communicate with your employees frequently about what you are doing as a business to reduce risk and what you expect your employees to do to reduce risk. Be factual. Avoid exaggerated or inflammatory statements.

Review this Interim Guidance for Businesses and Employers for a list of actions to take for your business and employees.Read this Checklist for Community and Faith Leaders for ideas to reduce risk and avoid heightening anxieties.Read this COVID-19 coronavirus info for Albertans for actions to minimize the spread of infections among your customers and employees. Every province will have a similar web page.

You can practice working from home by sending one team or department home right now for a few days.Through this practice, you are likely to discover the following issues:

You can ask your IT department to partially test your business continuity plan. This action is supposed to be available on extremely short notice.Through this business continuity test, you are likely to discover the following issues:

You can ask your IT department to partially test your disaster recovery plan.Through this disaster recovery test, you are likely to discover the following issues:

As more employees work remotely from home or from other locations, the need for access to virtual collaboration tools will increase.As you use virtual collaboration tools more, you are likely to discover the following issues:

Moving more data and applications to the cloud makes them easier to access from anywhere without taxing your business network infrastructure. The cloud often also simplifies business continuity and disaster recovery.Example cloud providers that offer office software and store files include:

Leading cloud providers that offer remote computing capacity for applications include:

As you access office software and store files in the cloud, you are likely to discover the following issues:

Your business partners are encountering the same issues you are. To minimize disruption of your supply chain, strengthen coordination with those business partners.As you coordinate more with your business partners, you are likely to discover the following issues:

What strategies would you recommend that reduce the risk of coronavirus impacts? Let us know in the comments below.

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Minimize business impact of coronavirus - IT World Canada