Covid

The negative effects of compounding – Covid second wave

compounding

I talk a lot of the magic of compounding and how it helps in various areas of life.

Last year in the middle of the pandemic I had written about how compounding was giving power to the virus and if we don’t bring down the rate then the virus will only keep growing forever. It will follow a pattern similar to the Fibonacci pattern in the picture.

Last year in most countries people exercised restrain on their own or the governments did lock downs to ensure that people maintain distance since that was the only way to protect yourself.

Suddenly in India in the last week or 10 days the virus has again started compounding at about 40% per day. Even though in most parts of the country over the last year we have built the necessary infrastructure, nothing can match the problems that can arise if the compounding takes place at this pace.

Eventhough we are doing massive vaccination at close to about 2 million people in a day, it takes time for the antibodies to build . But people have taken this issue so lightly that the virus has used this opportunity to make such a massivee comeback.

The only way to control this virus is to keep distance from each other because you never know who is a asymptomatic carrier of the virus.

To all the readers of my blog, pls stay safe in your homes as far as possible,

Till next time

Carpe Diem!!!

Referrals – a lesson from Covid vaccination

Uncategorized

Today I went for my first shot of vaccination.

I had heard that in India we have now reached a vaccination figure of 2.5 million a day. That’s a very large number of people. My expectation was that there will be massive chaos when 2.5 million people are being vaccinated in a day.

In India all the Covid vaccination is free. In case you want to get the vaccine administered at a private hospital then there is a very small fee which the hospital can charge for the services.

I was amazed when I reached the government hospital in Noida. I must congratulate the government authorities for such elaborate arrangements to ensure social distancing, to ensure that not a single person faced any issue while getting the vaccine. In India we are generally apprehensive of government hospitals but my view of this handling has completely changed my view of government run hospitals.

Today whoever we spoke to after the vaccination, we absolutely referred this government hospital because of the amazing service we got with everyone from the security guards who were directing the flow of people, to the people who were administering the actual vaccine, to the CoWin App which the government has made.

Which brings me to another aspect of marketing. We rarely use referrals as a strategy to grow the business. Most of us including me sometimes, think that the customer is doing us a favour by referring us to others. On the other hand as you will see from my experience, I actually wanted to tell everyone about my experience because it was so good and because I want them to have the same experience. When they have the same experience they will thank me for it, which will make me feel even better.

We will explore referrals over the next few posts more.

Till next time

Carpe Diem!!!