The far-reaching effects of the pandemic are hitting hard on American entrepreneurs and their small businesses. In fact, this tends to be the trend all around the world since virtually all countries are affected by the pandemic. A recent report showed that approximately 8 million out of about 30 million small businesses in America are likely to shut down completely for several months.
You don’t have to despair, there’s still a ray of light at the end of the tunnel. In essence, for smart entrepreneurs, the crisis will trigger the next move of innovation the world has ever seen. World-changing and more resilient entrepreneurs are going to spring up amidst the crisis.
Indeed, the state of the economy right now requires such resilient entrepreneurs who through their persistent efforts and creativity would eventually revive the economy. So, how can entrepreneurs get back to their feet and accomplish this feat?
Become More Attentive
Right now, the pandemic has caused a shift in many consumers’ behaviors, leading to change in business models as well. While this is a short term change, there’s also a long-term economic change or changes on the way. Digital disruption is going to be the form of such long term changes. So, in addition to cost-saving changes such as increased use of outsourcing that recession brings to business models, other new business models will also become necessary in order to serve the resulting “new normal” in the best possible way.
Boost Your Core
Technology is an excellent tool for achieving more with little. That’s not all, technology is also a driving force to focus on your area of specialty while outsourcing and/or automating the rest of the tasks. Something good has come out of the pandemic era though – the possibility and benefits of remote working.
Consequently, this will automatically speed up entrepreneurs and CEOs’ evolution towards skills-based and a knowledge-based economy. In simple terms, entrepreneurs and CEOs are going to embrace outside expertise more than ever before. They are going to do this in a swift manner at each point in time. It’s time for entrepreneurs to stop wearing many hats and focus on their core calling. In fact, this has become a necessity (not an option) as businesses get more digitally complex – there is need to access and leverage remote expertise from all over the world.
When this happens, the world would witness an emergence of creative visionaries like never before. This is because entrepreneurs are now free to focus on their business-creation abilities, while their outsourcing partners take care of other tasks. There is no better way to kicks-tart a rebound after the pandemic crisis than these techniques.
It is time to give birth to world-transforming businesses that have never been before.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams
Jennifer McAleer says: 
Experts’ Tips For Startups To Get Back On their Feet After A Crisis
The far-reaching effects of the pandemic are hitting hard on American entrepreneurs and their small businesses. In fact, this tends to be the trend all around the world since virtually all countries are affected by the pandemic. A recent report showed that approximately 8 million out of about 30 million small businesses in America are likely to shut down completely for several months.
You don’t have to despair, there’s still a ray of light at the end of the tunnel. In essence, for smart entrepreneurs, the crisis will trigger the next move of innovation the world has ever seen. World-changing and more resilient entrepreneurs are going to spring up amidst the crisis.
Indeed, the state of the economy right now requires such resilient entrepreneurs who through their persistent efforts and creativity would eventually revive the economy. So, how can entrepreneurs get back to their feet and accomplish this feat?
Become More Attentive
Right now, the pandemic has caused a shift in many consumers’ behaviors, leading to change in business models as well. While this is a short term change, there’s also a long-term economic change or changes on the way. Digital disruption is going to be the form of such long term changes. So, in addition to cost-saving changes such as increased use of outsourcing that recession brings to business models, other new business models will also become necessary in order to serve the resulting “new normal” in the best possible way.
Boost Your Core
Technology is an excellent tool for achieving more with little. That’s not all, technology is also a driving force to focus on your area of specialty while outsourcing and/or automating the rest of the tasks. Something good has come out of the pandemic era though – the possibility and benefits of remote working.
Consequently, this will automatically speed up entrepreneurs and CEOs’ evolution towards skills-based and a knowledge-based economy. In simple terms, entrepreneurs and CEOs are going to embrace outside expertise more than ever before. They are going to do this in a swift manner at each point in time. It’s time for entrepreneurs to stop wearing many hats and focus on their core calling. In fact, this has become a necessity (not an option) as businesses get more digitally complex – there is need to access and leverage remote expertise from all over the world.
When this happens, the world would witness an emergence of creative visionaries like never before. This is because entrepreneurs are now free to focus on their business-creation abilities, while their outsourcing partners take care of other tasks. There is no better way to kicks-tart a rebound after the pandemic crisis than these techniques.
It is time to give birth to world-transforming businesses that have never been before.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams
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