Four Business Lessons Learned From 2020 | Coworking Space KL

Since 2020, the coworking space kl and the workplace have been on a roller coaster ride throughout the whole pandemic. Business models and norms have been changed and turned upside down, and it’s most likely that things will never be quite the same again. During this time, the business has been challenged to make changes that ultimately force businesses to think outside the box to stay adaptable and resilient. 

One of the biggest challenges faced by companies is allaying the concerns and fears of employees, customers and business partners about COVID-19. One of the key things that can be done is through transparent and honest communication to build trust and confidence. It is important to make sure that all safety precautions are taken into account to ensure a safe environment for everyone. 

Below are some lessons that we’ve gathered for you to review and tweak for your own use in 2021!

Coworking Space KL Lesson #1:Reinvent and adopt innovation into your business model

Coworking Space KL Lesson #1:Reinvent and adopt innovation into your business model

With the on-going pandemic, many companies are forced to reinvent themselves and their business models in different ways to stay relevant. One of the few ways is to find new channels to interact with your customers, create new products to accommodate new market needs and demands and generate new marketing campaigns to help boost declining sales caused by the pandemic. The pandemic has been a big driving force that got entrepreneurs to embrace creativity and innovation in their business decisions, differentiating themselves from their competitors. 

Take this pandemic as a means and catalyst to encourage stronger and more flexible businesses to weather any situation and focus on creating a business culture and a business model that has a strong relationship and a solid foundation to help your business flourish. 

Coworking Space KL Lesson #2: Prioritise all relationships, regardless of your company size

Coworking Space KL Lesson #2: Prioritise all relationships, regardless of your company size

During the pandemic, almost everyone is working remotely from the comfort of their own home, making it more apparent than ever that teamwork is the essence of achieving a goal. With such circumstances, it is vital to find a communication platform that allows employees to collaborate seamlessly. Platforms such as Slack, Microsoft Teams and Google Chat are the more popular ones for team collaboration and communication. When you do find platforms that allow you to communicate effectively, results and outcomes are usually more desirable. 

Coworking Space KL Lesson #3: Embrace agility and flexibility

Coworking Space KL Lesson #3: Embrace agility and flexibility

Adopting a business mindset that is flexible and agile can help you be prepared for any circumstance and crisis. Building a more flexible foundation in all facets of your business will put you ahead of your competitors during such challenging and uncertain times. An organisation that is quick to adapt while retaining core values and culture can surely weather through any issues and crises faced. 

Coworking Space KL Lesson #4: Digitalise and adapt to new norms

Coworking Space KL Lesson #4: Digitalise and adapt to new norms

The global on-going COVID-19 pandemic, not only impacted all industries, but also forced business owners to integrate and make permanent changes and adaptations on how a deal is closed nowadays. The selling process in all industries and markets has been revolutionized and re-shaped, and this can be seen in more businesses having automated models and touchpoints that were once physical. On top of that, it can also be seen that many businesses have digitised their selling flows to adapt to lockdowns and restrictions.

With the rise of digitalisation and technological advancement, we’ve seen a surge in the growth of remote working. With more companies extending their flexible commuting policies, the remote job market has been growing faster than ever. With companies such as Twitter, Coca-Cola, Dell, and Amazon extending their flexible commuting policies, the remote working trend is definitely here to stay!

Coworking Space KL: Get yourself a Revolutionized and Flexible Workplace 

In a year of change and uncertainties in the coworking space kl, there is something to be learned and reflected upon for every organisation regardless of the nature of business. It is definitely a learning experience and an opportunity to improve your organization for the better. Let every change bring about a brighter future — your business has the opportunity to come out of this crisis stronger than ever.

For those wanting to get off to the right start this 2021, our Ultra Flex Solution allows you to decide your own office terms and be in charge of your workplace rental. With ultimate flexibility, we can help you keep liabilities low and retain cash flow during such hard times. Get in touch with our workspace specialist via email at [email protected] or +60 18-213 8086, and we’ll match your ideal coworking space kl to get your best work done. 

 

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