Over the previous yr, the world has confronted an unprecedented time as a result of COVID-19 pandemic. The UK alone has confronted almost 4 million instances of the coronavirus, and over 100,000 deaths. As a consequence of this as soon as in a lifetime worldwide occasion, the UK suffered the worst fashionable droop in its fashionable historical past, twice as a lot because the earlier largest.
Nevertheless, the financial system narrowly prevented a double dip recession by really rising in December, probably giving the UK some mild on the finish of the tunnel. Right here we are going to talk about whether or not a pandemic is an effective time to start out a brand new enterprise, and the issues that have to be thought-about.
It relies upon available on the market
The quick reply to the query is- it relies upon available on the market. For instance, hairdressers, tattooists and beauticians may have massively misplaced out throughout the pandemic. Even pubs have been struggling to make ends meet while they’ve been closed, solely allowed to serve meals, or hit with a curfew.
Nevertheless, meals supply companies, similar to takeaways and groceries, have elevated throughout the COVID-19 pandemic. That is due to environmental elements similar to self-isolating, shielding, and eager to proceed consuming from our favorite native eating places however in a secure means. Due to this fact, there isn’t any sure or no reply as to if a pandemic is an effective time to start out your corporation with out thorough analysis into the sector you want to enter.
Can staff make money working from home?
One other subject to think about is distant working. With many individuals working from house final yr, and widespread working from house more likely to proceed properly into 2021, it’s essential to think about the benefit at which your staff can make money working from home.
If your corporation will likely be offering a digital service, it’s extra probably that this will likely be potential. To be sure that working from house is productive and environment friendly, implement a communications resolution similar to Voco, which lets you take and make voice or video calls on any system, displaying solely your corporation quantity.
If your organization sells a product, or it’s a bodily service, then well being and security ought to take the upmost precedence. Once you do open your corporation, contemplate authorities pointers regarding social distancing, PPE and journey restrictions. It’s at all times finest to have too many hygiene practices in place, similar to cleansing, sanitising and handwashing, as it’s higher to be secure than sorry.
Because of the success of the vaccine rollout, enterprise confidence is reportedly now at a six-year excessive. Not solely this, however it has given society a way of hope and a lightweight on the finish of the tunnel to stay up for. Which means that we may very properly be nearing the top of the COVID-19 pandemic.
Whether or not you resolve to open your corporation throughout the pandemic or not, the vaccine rollout alerts the beginning of society to try to return to regular. By contemplating these elements earlier than opening your corporation throughout the pandemic, you can be ready to maneuver in direction of the brand new regular.