By SUNNY BINDRA More by this AuthorSome businesses have really suffered in this coronavirus pandemic; others are weathering the storm quite well. A clue can be found in a tweet by David Heinemeier Hansson, the co-founder of Basecamp, when the lockdowns started. He confidently stated that his employees would have no difficulty working from home as they had been doing that for years, and no one would suffer any pay cuts because the firm’s owners had always managed their business prudently. The old adages, such as “saving for a rainy day”, were there for a reason, issuing from centuries of human experience. As we learn and recover from this crisis, perhaps we can look again at “just-in-case” business models, not “just-in-time” ones.

Source: Daily Nation May 30, 2020 12:00 UTC