6 Reasons To Start A Business During This Pandemic

6 Reasons To Start A Business During This Pandemic

You aren't mistaken - I standby the title of my article. This is the best time to set up a business of your desires or to increase your present enterprise and yes, we're all still in Covid pandemic situation. So why all my positivity? Have I gone off-tangent with my ideas?

So listed below are my ideas about why it is ripe to start a business now.

Reason 1: Globalisation

The spread of globalisation has not ceased. Slightly, more people are leaping onto the bandwagon of seeking goods and providers from different countries. There's an unquenchable want to buy the next "big thing" no matter the supply of the new concepts

Reason 2: Rapid Spread of Information

As the world holds it breath for the technological march towards 5G, what must be accepted is the speed of both information and misinformation. This signifies that with the correct marketing strategy, you can propel corporate branding to a larger base of potential clients within a shorter time.

Reason 3: From social media to Mega Sticky Media (MSM)

I've created this acronym MSM because in the course of the Covid interval starting from 2020, there was the rise of Tiktok to change into a free media platform to get enterprise message across. It was like a combination of YouTube and Instagram however in hyper-speed of seconds. For the first time in history, marketing people are forced to distil the essence of a brand to suit a typical Tiktok attention-span. To many, this is unattainable but to the youth-market this phenomenon is mere referred to as "Acquired to do it quickly!" GTDIQ -one other certainly one of my newly created acronyms.

Reason four: Social Activism

For a enterprise to embrace social change and be an excellent enterprise citizen will not be new. It also makes good enterprise sense too. However the tsunami of social occasions that started from 2020 and how shareholders and prospects will assist a business that will take a stand - has officially taken root. Thus, should you start a new business, it is almost a truism that your model has to encompass a sure level of being a change-agent for the betterment of society.

Reason 5: No Lack of Funding

Not only is there no lack of funding, but there is additionally now a new monetary model Particular Function Acquisition Company (SPAC) which permits start-ups to bypass the traditional Initial Public Providing (IPO) route. There is now a big demand for patents and new business models that help dig out a new niche.

Reason 6: Food Security and Sustainability Points

With the acceptance that food security and environmental sustainability will consistently challenge the minds of many governmental choice-makers, there may be opportunities galore for more research in this area. Thus, start-ups can develop their marketing strategy and strategy alongside the lines of those issues.

With all these factors in mind, do consider starting a business at the moment!

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