{"id":10155,"date":"2020-03-23T16:13:11","date_gmt":"2020-03-23T16:13:11","guid":{"rendered":"https:\/\/envolveglobal.org\/the-coronavirus-crisis-checklist-for-startup-ceos\/"},"modified":"2024-04-18T08:51:15","modified_gmt":"2024-04-18T08:51:15","slug":"the-coronavirus-crisis-checklist-for-startup-ceos","status":"publish","type":"post","link":"https:\/\/envolveglobal.org\/el\/the-coronavirus-crisis-checklist-for-startup-ceos\/","title":{"rendered":"The Coronavirus Crisis Checklist for Startup CEOs"},"content":{"rendered":"<p>The Coronavirus Crisis Checklist for Startup CEOs<\/p>\n<p style=\"text-align: center;\">Monday, March 23, 2020<\/p>\n<p>Your job isn\u2019t about finding the best option anymore \u2014 it\u2019s about finding the option that is least bad<\/p>\n<p id=\"0838\" class=\"it iu dr ar iv b ek iw em ix iy iz ja jb jc jd je dj\" data-selectable-paragraph=\"\">Feliks Eyser for <a href=\"https:\/\/marker.medium.com\/?source=post_page-----5294dd05e5c2----------------------\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Marker<\/a> drafted a checklist for startups that are now shifting their mindset\u00a0 and are in search of liquidity.<\/p>\n<p id=\"f8aa\" class=\"it iu dr ar iv b ek iw em ix iy iz ja jb jc jd je dj\" data-selectable-paragraph=\"\">Managing a crisis can be hard, especially if it\u2019s your first and has the magnitude of the current one. So consider these points as a guideline to give you a bit of a direction:<\/p>\n<ul>\n<li>Dump your 2020 strategy and business plan and take out a blank page<\/li>\n<li>Create a safe work environment by working from home<\/li>\n<li>Overcommunicate<\/li>\n<li>Establish a daily Covid-19 war room with daily meetings<\/li>\n<li>Stabilize your business operations and supply chain<\/li>\n<li>Inform customers about business continuity<\/li>\n<li>Realize that your revenue can (and probably will) get out of your control<\/li>\n<li>Calculate your runway in multiple scenarios<\/li>\n<li>Don\u2019t count on VC funding<\/li>\n<li>Pull in cash from all sources<\/li>\n<li>Create a cash-conserving plan through cost-cutting<\/li>\n<li>Watch your marketing spend and ROI<\/li>\n<li>Check out government aid programs and talk to other entrepreneurs<\/li>\n<li>Inform your investors about the situation<\/li>\n<\/ul>\n<p style=\"text-align: center;\">Click below to read more on <strong>Medium<\/strong>.<\/p>\n<p style=\"text-align: right;\">Source:<img decoding=\"async\" class=\"alignnone wp-image-16614 size-medium\" src=\"https:\/\/envolveglobal.org\/wp-content\/uploads\/2023\/10\/1_haCUs0wF6TgOOvfoY-jEoQ@2x-300x72-1.png\" alt=\"Envolve\" width=\"300\" height=\"72\" title=\"Envolve\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Coronavirus Crisis Checklist for Startup CEOs Monday, March 23, 2020 Your job isn\u2019t about finding the best option anymore \u2014 it\u2019s about finding the option that is least bad Feliks Eyser for Marker drafted a checklist for startups that are now shifting their mindset\u00a0 and are in search of liquidity. Managing a crisis can [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[212,213,210],"tags":[],"class_list":["post-10155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doyleyontas-apo-to-spiti","category-ergaleia-poroi","category-kit-epiviosis"],"acf":[],"_links":{"self":[{"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/posts\/10155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/comments?post=10155"}],"version-history":[{"count":1,"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/posts\/10155\/revisions"}],"predecessor-version":[{"id":11806,"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/posts\/10155\/revisions\/11806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/media\/8465"}],"wp:attachment":[{"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/media?parent=10155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/categories?post=10155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envolveglobal.org\/el\/wp-json\/wp\/v2\/tags?post=10155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}