מקור התמונה: ויקיפדיה

אחרי תחילת משבר הקורונה פנו אלי מחברת Startup. החברה ניסתה לפתח אפליקציה מורכבת ומקיפה המטפלת בניהול כלכלת המשפחה. שוק היעד היה השוק העולמי ולא רק השוק הישראלי. 

החברה זיהתה שאחד הכלים שחברה אמריקאית המובילה בתחום השתמשה בו הוא בלוג.  הבלוג של החברה האמריקאית כלל פוסטים בנושאי כלכלת המשפחה. 

הפרקטיקה של שימוש בבלוג באתר עסקי היא פרקטיקה מקובלת בעולם העסקים. 

החברה פנתה אלי וביקשה שאכתוב פוסט בשפה האנגלית.

זו לא הייתה הפעם הראשונה, שפנו אלי לכתוב באתר של חברה.

הפוסט שכתבתי לא פורסם. 

גם בימים כתיקונם חברות Startup עלולות להתקשות בהשגת מימון. קל וחומר, שבזמן קורונה, הכולל גם משבר כלכלי, קשה להשיג מימון. הפעילות של החברה הופסקה. 

לי זה עלה בשעתיים עבודה. הרבה יותר חבל לי על היזמים והמפתחים שהשקיעו הרבה יותר משאבים ממני.  

בכל מקרה הפוסט נמצא גם ברשותי. חשבתי שאפשר לנצל את העבודה שעשיתי על מנת לפנות לקהל יעד נוסף של קוראים: קוראים דוברי אנגלית. 

מתנצל אם ימצאו שגיאות באנגלית. אנגלית אינה שפת האם שלי.

הפסקאות הבאות הן תוכן הפוסט באנגלית.

Covid-19 Risk Management: Economical Lessons

Risks should be considered in any context. There are Personal Risks, Health Risks, Family Risks, Economical Risks, Risks to companies, Risks to countries etc.  

The Covid-19 pandemic is emphasizing Risks and Risk Management. The most obvious Risks are being infected by the virus and Economical Risks. However, there are many other risks related to the Covid-19 such as avoidance of Medical treatments and avoidance of Medical examinations due to the fear of being infected in the Corona disease. The results of this avoidance include deterioration in health condition and even death.

The Dynamic Principle is an important principle in Risk Management. Risk’s impact and probabilities may change. New Risks could emerge and Current Risks may disappear. Covid-19 Risks is not an exception to this principle.

It should be noted that Risks are related. Occurrence of Risk event may affect the probability and impacts of other events. For example, due to avoidance of Medical treatments there are Family Economic Risks. The medical treatment could be more expensive and more time consuming. The patient ability to work will be limited and is income will deteriorate as well. 

 This article is about Family Economics Risks. The lessons learned discussed will be Family Economics lessons.

Lesson 1: Be Prepared to extreme unpredictable changes

The world after Covid-19 will be different from the world before it. Some of the changes are irreversible.

Adaptation is a key for economical survival and/or economical success. There are Skills, Experience and Knowledge that may not be relevant anymore.

Other Skills, Experience and Knowledge will be more important in the After Covid-19 World than in the world before it.

For example, skills and knowledge of digital and Internet communication for daily tasks and Working tasks will be a must. 

Lesson 2: Save more money and expand less money

Your Job may not be as stable as you think it is. The huge number of unemployed due to the Covid-19 crisis is a proof that many positions are not as stable as assumed. Finding a new job is a lot more difficult than in the pre- Covid-19 days.

As already mentioned, Adaptation is a key but you should also save more money than before the Covid-19. Saving more money implies expanding less money.

Lesson 3: Save more money for unplanned  expenditure   

 

Saving more money is not enough.    The savings should be related to goals. For example, a family saving goal could be buying an apartment instead of the current rented  apartment.  One of the goals must be saving for unplanned expenditure, such as an emergency dentist treatment or replacement of a refrigerator. 

The rule of thumb in Israel was that saving 8,000 NIS (One USD is approximately 3.5 NIS) for unplanned expenditures is enough.

According to a new survey by the Midgam for the local economical paper “Calcalist” two thirds of Israelis families reported that spending unplanned expenditure of 8,000 NIS is Very Difficult or impossible for them.

The conclusion is that people should save more than 8,000 NIS. Due to extreme unpredictable curcumstances, they may require usage of higher sums of unplanned expenditure savings. 

Lesson 4: The Subprimcv Crisis Revisited: Avoid of unnecessary Loans

This lesson should have been learned after the Subprime crisis. The Covid-19 crisis should refine this lesson. 

Lesson 1 indicates that the possibility of no way of paying loans is higher than borrowers estimated when they decided to borrow money. Therefore borrowers should consider the Risk and reduce the sum of loans they ask for.

Summary 

·         Risk Management should be part of any decision making. The Covid-19 period emphasizes this conclusion.

·         Covid-19 lesson1: Adaptation is a key for economic survival

·         Covid-19 lesson2: Save more -Expand less

·         Covid-19 lesson3: Save more money for unplanned expenditures

·          Covid-19 lesson4: Avoid of loans which you are not sure you will be able to return.

   

 is a key but you should also save more money than before the Covid-19. Saving more money implies expanding less money. 

 

The savings should be related to goals. For example. A family saving goal could be acquiring an apartment instead of the current apartment.