Has the coronavirus pandemic made you rethink your business model? Listen as Yana and Tom discuss working remotely versus working in the office and the effect the COVID-19 has had on business. They speak about the economic impact that it has had and the fact that no one knows how long it will take to rebound. It must be the nature of the conversation that has them agreeing more often than usual, so this is definitely an episode you don't want to miss.

If you enjoy this episode, please share it with friends, leave comments, and reviews if you like what you hear.

Today's Episode:

• [00:23] Hello everybody!
• [00:42] We feel like this is something we should talk about.
• [01:18] Yana believes that every crisis always has a significant impact.
• [01:41] They want to concentrate on the economic implications of the Coronavirus on startups and entrepreneurs.
• [02:50] Yana shares that she is very proud of several of the teams she has worked with.
• [04:28] Can you show that your operations are business as usual to the regulators?
• [06:08] Tom chats about organizations that have had to learn how to deal with how this virus affected their businesses overnight because they weren't prepared.
• [08:13] Yana discusses the teams she manages all over the world that work remotely.
• [10:31] Tom shares what he communicated to his team and remote employees.
• [12:43] What have you learned about your business model that you might need to change in the future?
• [15:11] Tom agrees that there will be a substantial economic impact, but no one knows how large so make a backup plan.
• [16:38] Yana has noticed that a lot of projects are being put on hold but she made changes in her business last year which is allowing her to weather this crisis.
• [18:16] Yana says that this is a perfect time to figure out if your business needs interaction with people in person or if it can be digitized.
• [20:35] Can you assess people by phone or video call? Do you need a personal face-to-face type relationship?
• [22:16] Yana believes that when people say what they mean when you listen carefully and ask the right questions, the medium doesn't matter.
• [24:10] Yana gives examples of why she believes that digital or personal doesn't matter.
• [26:41] Tom believes the new norm will be to get to know people over time.
• [28:13] Tom gives his key lessons and takeaways from this crisis.
• [28:38] Yana gives her key takeaways from this crisis.
• [30:20] Yana believes that she will assess projects slightly differently.
• [32:11] Grasping digital in an abstract way is easy, but implementing and the building is a lot more complicated.
• [33:54] Be safe and take care!

Show links:

• How to get in touch with us, if you'd like to tell your startup story: Yana on Instagram, Tom on LinkedIn