Useful Articles for MSMEs during COVID-19 crisis
- Mastercard’s SME Digital Acceleration
The site provides information and resources that help SMEs digitize and run their businesses more efficiently lt includes: Guides, articles and tips from partner organizations that focus on digital transformation of SMEs; lnsights on cyber security and tools; Access to discounts and rebates on an array of business services. The Mastercard Trust Centre helps MSMEs understand the need to secure their business, from a variety of digital threats.
Source:https://www.mastercard.com/content/mastercardcom/ph/en/business/overview/sme-resources.html
- Recovery Insights: Small Business Reset – Challenges and opportunities for small and medium-sized business around the globe
Small Businesses – Big Challenges, Big Opportunities
The global health crisis impacted businesses around the globe in vastly different ways. Small- and medium-sized businesses (SMBs) experienced the greatest hardships for a variety of reasons.
The stresses and successes of businesses around the world vary based on factors ranging from a business’ location and sector to their local market’s business climate and their ability to go digital. The challenges were very real for many disrupted businesses and many continue to struggle. However, disruption also bred innovation, as a host of new digital businesses were created to meet evolving needs and new market opportunities.
This report, developed by the Mastercard Economics Institute and the fifth in Mastercard’s Recovery Insights series, looks at small and medium-sized business closures and spending declines how a digital presence impacts an SMB’s sustainability sector performance for small vs. large businesses the role of location in whether SMBs survived “Globally, small businesses that closed early in the pandemic were about 3x as likely as larger businesses to remain closed long term.” Gain access to “Recovery Insights: Small Business Reset” to learn more about the pandemic’s impact on small businesses and what will sustain their growth beyond 2021.
This report is also available in Spanish and Portuguese.
- Helping your Business through COVID19 – Google for Small Business
We know this is a difficult time for people everywhere, including small business owners. We want to help. We’ve gathered some useful resources to help your business navigate these challenging times.
Steps you can take today
- Keep your customers informed
- Adjust your advertising
- Continue to adapt to new customer behavior
- Run your business remotely
Please go to the link below for the complete article.
Source: https://smallbusiness.withgoogle.com/news/resources-for-smbs-impacted-by-coronavirus/#!/
- Small Business Surge in Digital Trade
Global entrepreneurs are going online. Here’s how governments can help.
With many storefronts and offices around the world shuttered by the COVID-19 pandemic, small business owners are adopting new digital strategies and tools to keep their businesses alive.
“It’s a real challenge as companies and clients cannot buy physically from us,” observes Sasibai Kimis, Founder and CEO of Earth Heir, a Malaysian ethical lifestyle brand, which sells handcrafted heritage pieces made by women, refugees and indigenous people. She added that, “a lot of events have been canceled, including speaking engagements.”
Source: https://tradevistas.org/a-small-business-surge-in-digital-trade/
- Businesses pushed to explore online marketspaces during the pandemic
MAKATI – Businesses should look at marketspaces, like online platforms, more than geographic spaces during and after the COVID-19 pandemic, said Senen M. Perlada, Director of the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) during a webinar held on April 22 dubbed “Market Adjustments and Sustainability: Where do We Sell from Here?”
“If there’s one thing that the Enhanced Community Quarantine taught us, it’s that we can explore the possibilities in the digital space,” said Perlada.
Source: https://www.dti.gov.ph/news/businesses-explore-online-marketspaces-covid19/
- COVID-19’s impact on MSMEs: What to brace for and how to cope
In a matter of months, the coronavirus disease 2019 (COVID-19) has greatly affected businesses, especially micro, small, and medium enterprises (MSMEs), which comprise the majority of all businesses in the country. With the enhanced community quarantine (ECQ) forcing most establishments to close, MSMEs are struggling to cope with the crisis caused by the pandemic. ..
Source: https://www.bworldonline.com/covid-19s-impact-on-msmes-what-to-brace-for-and-how-to-cope/
- How to sustain a business during COVID-19 crisis?
The coronavirus disease 2019 (COVID-19) has forced consumers to be confined to their homes, pushed most establishments to shift to a remote work mode, and has kept essential services open and even making them busier.
This calls for businesses to check the health of their companies and immediately respond to this ongoing crisis, as esteemed leaders from diverse sectors discussed in the fourth online forum of the Philippine Marketing Association (PMA) last April 15…
Source: https://www.bworldonline.com/how-to-sustain-a-business-during-covid-19-crisis/
- COVID-19: How to ensure Business Continuity and Manage Risks?
Due to COVID-19 pandemic, business continuity is the topmost discussed agenda of all organizations regardless of the size and nature of businesses. Business continuity management is the process of developing systems of prevention and recovery in response to potential threats a company could face. These threats include natural disasters, issues related to IT, an interruption to a service or a supply chain disruption…
Source: https://www.entrepreneur.com/article/349427
- How Governments Around The World Are Supporting SMEs During the COVID-19 Crisis
Around the world, countries are ramping up fiscal measures and financial aid programs to respond to the economic impact of the COVID-19 pandemic.
With our colleagues on the ground in Singapore, Malaysia, the Philippines, Hong Kong, Switzerland and the United Arab Emirates (UAE), we look today at the various initiatives and schemes these countries’ respective government have put in place to support local small and medium-sized enterprises (SMEs)…
- Sariling Diskarte’: The heavy impact of lockdown on micro, small businesses.
MANILA, Philippines – Summer was supposed to be the most profitable season for Joseph*, a computer shop owner in Makati.
Joseph, a 50-year-old entrepreneur, has operated his computer shop for over two years now. On normal days, the shop would earn P4,000 a day. But last summer, that increased to P6,000 to P7,000 a day on average.
On March 17, however, the government imposed an enhanced community quarantine or lockdown on Luzon and its over 57 million people. This limited the movement of people to prevent the spread of the novel coronavirus. The lockdown meant only private establishments “providing basic necessities and such activities” are allowed to remain open during the quarantine period. Only a selected few are authorized to leave their homes…
For more details, please contact:
DTI-Bureau of Small and Medium Enterprise Development (BSMED)
2nd Floor, Trade and Industry Building361 Sen. Gil Puyat Ave., Makati City
(+632) 7791.3114/8897.1693/ 8890.4968
Email: BSMED@dti.gov.ph
Website: https://www.dti.gov.ph/
or visit the nearest
DTI Regional/Provincial Offices and Negosyo Centers