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Business lockdown was quite severe across the world and its tremors were felt by people across the sections.
Supply chains stopped operating, factories and suppliers were closed, Distribution and centres and retail shops were opened for limited hours and people were staying at home for their safety.
Business lockdown had disrupting effect on economy and many people lost their jobs.
Businesses with poor cash flows had tough time to survive their existence.
Sharing an interesting conversation with one of small business owners who was impacted big time because of business lockdown and key challenges faced by him to run his livelihood
He gave me first priority and repaired it same day.
I went to pick the car and strike a conversation with him
You are an expert in your job. Must be earning good money : I said
Yes, money is good but there is also high risk in the job. Customers who are not satisfied may not tell and will not come back. Even after taking full precaution, there may be fault in 5% of cases which is generally unknown.
There is lot of tension until few days pass away without any complaint from the customer
How was the lockdown period: I asked
He said: There was no income for 2 months. Work started coming recently. It was painful for people like us who earn basis daily work.
My car had a fault next day and I called him. He got anxious and asked me to come immediately I took the car to him. He checked and repaired it immediately. I have fallen in those 5% of cases.
Key learning is that what businesses have to go through the business lockdown is same everywhere irrespective of the nature and size. Resilient businesses with good cash flow have been able to bounce back but many are still struggling.
Focusing on Customer satisfaction during these times have enabled organizations to succeed in challenging scenario.
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So correct
Thank You