The COVID-19 pandemic has hurt businesses large and small. How can your business navigate the crisis, and make it through to the other side? Yahoo Finance Canada presents CRISIS MANAGEMENT, with strategy expert Mark Satov, founder of Satov Consultants. Each episode Mark answers questions from business owners about the challenges finding sales, keeping operations running, accessing capital and managing employees. This is your crisis playbook to survive and thrive.
2020 was the year that saw many employees packed up their computers, monitors and keyboards and start working from home, thanks to the COVID-19 pandemic. According to Statistics Canada data released earlier this year, 33 per cent of businesses reported that 10 per cent of more of their workforce was working remotely, nearly double from what it was in February before the pandemic struck. Businesses also expect the work from home trend to continue after the COVID-19 pandemic is over. StatsCan found that 23 per cent of businesses will offer employees the option of working from home post-pandemic. Business strategy expert Mark Satov tell Yahoo Finance Canada that working from home is not as productive as being in the office, but necessary as cases continue to rise in Canada. He offers advice for businesses to make sure that the work from home arrangement is as productive as possible.
Yahoo Finance Canada presents CRISIS MANAGEMENT, a livestream show on the Canadian economy that builds a crisis playbook during COVID-19 times and beyond.
DoorDash and Airbnb officially went public this week. Both companies increased their price range in the days leading up to their public listings and still saw their valuations skyrocket. Airbnb jumped 115 per cent above its IPO price, making it the biggest debut rally on record for a large U.S. listing, according to Bloomberg. Doordash increased about 80 per cent in its first day of trading. Both startups have yet to post a profit, but investors are clearly excited about the future prospects at DoorDash and Airbnb. But according to strategy expert Mark Satov, Airbnb has the better business model and offers more over the long-term. "DoorDash is drawing blood from a stone," he said. "Airbnb is just a more sustainable model."