Making the most of slow times
One approach to dealing with the economic fallout of the coronavirus health crisis
By Dan Sawatzky
Posted on Monday, April 27th, 2020
We are definitely heading into a time of uncertainty. Putting aside the health concerns and the potential effects of the virus that is around us, as business owners we also face potential economic uncertainty as well.
In our shop, we’ve already had pending contracts and projects put on hold indefinitely. We do a lot of work for theme parks, and many of them have announced closures. Other parks have locked down all capital projects indefinitely. Public events are being cancelled, and in the news we hear of many businesses that are closing their doors for the duration.
What does the future hold? How will we get through this? Those are tough questions without a doubt. As we ponder our options I think back to the last time business evaporated during the “Great Recession.” I clearly remember going to work each day, often for weeks at a time, without a paying project to work on—and no prospects for the foreseeable future. What did I do in those days?