Corona thoughts, part 3

Thoughts

It seems to me that a lot of the people who are starting to advocate economic considerations ahead of health-related ones during this pandemic, are some of the same people who were the least prepared for a sudden halt in economic activity. I don’t blame them for wanting to get back to normal ASAP – we all want that to happen.

However, I still think we need to spend time after this is over on the things, we have learned from this. Maybe we should consider whether some of the business school books should be reviewed and refined. Overly complex supply chains, ‘Just in time’-principles and over-optimization of the daily business operations managing cash on a shoestring suddenly seem like brilliant ideas now than they seemed to be just a month ago, right?

I continue to find it shocking (and then, not really for the above reasons, ed.) that otherwise successful and well-run companies can crumble within a week or two. It seems like a lot of businesses were already in essence on major life support as it were, and if the corona pandemic hadn’t pushed to the very edge of the cliff, it was a matter of time before something else would.

(Photo: Pixabay.com)

Stay manageable

Thoughts

Yesterday I met with an former colleague who stepped down from a C-level job to essentially become a landlord renting out spare rooms in his house and making a nice flexible living doing so. It was very inspiring – and surprising.

We took a walk, and he ‘walked’ me through his business and how he operates it. How he essentially tests every little twist and turn with his guests in order to figure out what works and what doesn’t. And how he always keeps his eye on the operational aspect of it all making sure that the operation is as automated as it can get and relies as little as possible on him actually being there to take care of things.

The operational aspect was mindblowing; always staying one step ahead thinking about everything making sure that what you do is manageable from an operations point-of-view – not making it too complex in the process. The idea is fascinating and intellectually stimulating, and I think there is a lot of value to be had there for start-ups by thinking along the same lines to make things efficient, reduce burn-rate etc. I will definitely be working more on that.

(Photo: Pixabay.com)