Business Opportunities during Covid19 Pandemic

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The world has changed as we all know; new alliances are being forged and the landscape has changed – for better or worse only time will tell. No one can tell what strange of grief we are at. Besides there is a business opportunity in covid19

The question then becomes, what do we do about it and how do we emerge at the top of all this mess? Figuratively speaking, how do we reign as kings and queens in a heap of uncertainty as we rebuild our livelihoods?

John Maxwell once said: “The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.”

Which got me thinking that there has never been a greater time to become an entrepreneur like 2020. We must choose to either become business owners or entrepreneurs.

An entrepreneur is one who “creates a new business and value, bearing most of the risks and enjoying most of the rewards”. A business owner, on the other hand, is “an individual or entity who owns a business entity in an attempt to profit from the successful operations of the company”.

You may read: How to make wealth

The global economy having taken a major hit as we know it and many people having lost their jobs, we all still need to live, and live well, maybe differently from previous years.

Weirdly, entrepreneurs thrive in change, risk, uncertainty and an opportunity to adjust sails. With all the entrepreneurs I’ve met one thing is common, they thrive in chaos and are among the few people who can make sense of all this uncertainty and gloom.

With that in mind, I was left thinking about what business opportunities does the Covid19 brings.

Once Covid19 and business appears in one sentence, what crosses our mind is about making and selling of surgical masks, ventilators, sanitizers, gloves and other PPE Kits. Well these might be quite fine but we still need to ask ourselves one question. Do we need to create business for just during covid19 season or a business that will run beyond covid19 season.

Factors to consider when starting a business during covid19

  • The amount of capital required: while some of business like selling of masks and gloves may require about Ksh. 5000($50), many others may need a capital exceeding Ksh. 10 Million ($100,000).
  • Your Profession and expertise: While Some of the business-like medicine may require some specific professional skill, but others like eCommerce may just need you putting your skills online.
  • Place may be a factor as well as Passion and interest.

With these in mind, here ares some of the booming business you should consider to startup during these covid19 period.

Business Opportunity in Covid19

Telemedicine

Telehealth is the distribution of health-related services and information via electronic information and telecommunication technologies. During this period, there is no doubt that people need healthcare services more than before. But it is riskier visiting health facilities that has led to people opting to stay at home for safety. If you have a chemist, a clinic or you are just a trained health worker. I t is that time you should take your business to the next level. Get someone to create you an application where your clients should visit for consultation at a fee.

E leaning and Training

I am sure everyone has something he/she can teach the world. This may vary form hair dressing, cooking, health and fitness to other skills like marketing. It may as well be some IT skills. All you need is to come up with a good online platform where people will be trained at a fee. Many of schools are closed and students need to be trained. Its time to do so. You can as well start a video tutorial on YouTube where you get some income from google.

Food delivery.

With all these covid19 strict rules, “Keep safe, stay at home”, people are still eating. Yes, people in cities will eat no matter what. this is a great Business Opportunity in Covid19. Prepare some marketing materials, crate a Facebook page or an eCommerce site. Make the food and start taking orders. There are free eCommerce platforms where you can create your free online store and start selling like a pro. Just visit Mybei.co.ke and start selling.

eCommerce

It is the high time we embrace business over the internet. One of the greatest booms in business in 2020 is using the web to do retails and other business transactions. If your business doesn’t have a website you should consider having one. If you can’t manage a website, just go to free online marketplace like Jiji.co.ke (former olx) or myBei.co.ke and have a free account to sell your commodities. This way you will manage to catch up with the market

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CM

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