Four tips for Canadian SMEs to mitigate risk amongst the coronavirus

Here are four tips to reduce your risk amidst the coronavirus:

1) Evaluate your suppliers and their suppliers and create a contingency plan;

2) Check-in with your customers to see how they would handle any disruption;

3) Be proactive by contacting key customers and suppliers to advise them of any impact you expect in your business. "No news is not good news"; and

4) Look after the wellbeing of your employees by implementing all government of Canada health and travel advisories.

For more in-depth tips, read the full article.