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Friday, March 27, 2020

Hopefully we will come out stronger after Corona Virus. We all can do a lot.

Governments:

1. Hopefully realize that the old saying health is wealth. Health of people is as important as the borders and security of the country.
2. Important to health is climate/environment, quality of food which can prevent diseases.
3. Healthcare must not be linked to job so that people are free to change jobs without concern for medical care as it is in the US.
4. 24/7 Internet is as important as electricity as proven by the need and ability of the people to work without overcrowding cities and creating the need for huge office space.

Large Corporations:

1. Identify the most productive employees who did better working from home than in the office.
    Allow them to work from home and save office space and cost. Ensure that all employees who can work remotely are trained and ask that they work from home for 1 day a week and save on office space. Provide ergonomic furniture to employees working from home. Pay for high speed internet at home.
2. Identify suppliers closer to the demand and use more than one supplier in different geographical regions to avoid supply chain disruption.
3. Conserve cash and cut back stock buyback and give bonus dividend based on profits but not increase or decrease regular dividend to encourage share holders to hold stock.
4. Increase Hygiene and continue to maintain more social distance than earlier.
5. Replace landlines with cell phones for all employees and use wifi onsite.

Small Businesses:

1. Focus as much as possible on delivery or takeout and save retail space.
2. Make hygiene and health of employees higher priority. Offer more sick time in exchange for working remotely or coming to work during peak requirements.
3. Follow as much as possible what the large companies are doing.
4. Where there are a series of restaurants one the same street, create a common outdoor and indoor dining area as in a food court in a mall which can be smaller than the total outdoor and indoor dining space in each restaurant. That saves on rental cost and utilities. Some supplies for takeout and paper napkins, salt, pepper, sauces can be bought in bulk in Individual packs. Linen can be also handled in bulk.

Individual Employees:

1. Set aside time and space to work from home and maintain hygiene.
2. Prepare meals at home from simple ingredients instead of ordering food or buying frozen dinner to cut costs and eat healthier.
3. Dress as if going to work to be presentable on video conference even to customers.

People in General:

1. Follow as much as possible from above.
2. Depend less on disposable supplies and cleaning supplies.
3. Maintain more social distance than earlier.
4. Get to know your neighbors. We need each other more than we think.
5. Minimize shopping trips and trips to doctor's office by using online services.
6. If you have 401k account, realize that now is the best time contribute max by cutting costs
    - Buy a decent certified used car good enough for local driving and reduce loan.
    - Make your coffee at home, pack lunch. Socialize at a coffee shop instead of dinner.
 
Colleges and Universities:

1. Offer more classes online and cut costs in classrooms, facilities on campus.

Students:

1. Unless labs is required, enroll in as many online classes as possible and see if at least 1 yr of 4yr college can be from home. Use the savings to create proper ergonomic space to study at home.