Covid-19 plague has disrupted the world’s economy creating a massive pause in business done locally, nationally and internationally. The majority of business owners and affiliates found their income dropping scientifically, some had their income completely wiped out for the past 2 months.
When Will It End
The New York Times has published that there are at least 89 vaccines are being developed which is a good news but the process still takes time. When Bill Gates was interviewed on CNN health he estimated that it will take at least 24 months from now until we see a vaccine. Following a process of mass production worldwide that could take additional time. Only after that, we will be able to go to back to a fully normal life, meaning all the options we had before will be back open in the same way.
The New Normal
Nations’ leaders are talking about going back to normal, getting all industries and businesses opened but there is very little said about what is this new normal we are going to be in. Until a vaccine is being given to all population on earth, the new normal is going to be different from the one we knew before.
We will be living in an isolated antitreatment where people must keep distance from each other making doing business the old way, almost impossible.
Why You Should Not Wait And Take Action Now
By the time the world and the way we do business could go back, your business would probably need to shutdown unless you take actions to right now.
What Can You Do Now
Inc. magazine has outlined the 4 Things Businesses Can Do During the Coronavirus Pandemic to survive these times jumpstart your business:
1. Develop or improve your products.
2. Pivot to address a changed world.
3. Look for partnership opportunities.
4. Invest in people (including yourself).
It does not matter whether your business is small or large, if your business is physical or online, you need to take actions now to get your business on top.