Starting A Business During COVID-19: Is it the Right Time? - Best Webhosting

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Hear what industry expert Alec Lynch has to say about starting a business during COVID-19 and innovative ways small business owners are staying afloat. Brought to you by GoDaddy.

Despite the never-ending uncertainty in the world today, experts are saying it may just be the perfect time to start a business. Alec Lynch, Founder and CEO of BrandCrowd, has firsthand experience starting a business during a global financial crisis and coming out on top. For the entrepreneurial spirit, challenges and adversity produce creative opportunities that pave the way for small businesses to launch. If history truly repeats itself, entrepreneurs are known for overcoming crises and coming out even stronger. During this pandemic, specific industries have thrived unlike ever before and business owners are seeing the value in shifting their business model to reach customers in brand new ways. The nationwide unemployment rate has also created surges in job applications to small businesses, allowing business owners the opportunity to hire top talent that they never had access to before. Looking beyond the challenges of our current era, it's never been easier to start a business from home — our world’s just waiting for aspiring entrepreneurs to be brave enough to follow their dreams and start a business today.

To learn more about starting a business during COVID-19, read the blogs written by BrandCrowd:

7 reasons to start a business during COVID-19:
https://www.openwestand.org/7-reasons-to-start-a-business-during-covid-19/

10 business ideas to start during COVID-19:
https://www.openwestand.org/10-business-ideas-to-start-during-covid-19/

References:

Every financial crisis the country has faced has sparked innovation and creativity to new businesses.
https://www.nytimes.com/2020/05/20/business/coronavirus-small-business-startup.html

Since lockdown began in the U.S., there's been a nearly 100% growth in e-commerce and retail revenue.
https://ccinsight.org/observations/covid-19-commerce-summary-june-29-2020/

Between February to June, the number of job applicants per job has increased by 16%.
https://www.hiringlab.org/2020/06/22/job-postings-through-june-19/

Areas that have seen a surge in interest include home improvement, cooking and pet products.
https://www.cnbc.com/2020/05/12/here-are-the-new-businesses-to-start-during-the-coronavirus-recession.html

Resources for Small Businesses:
Venture Forward study: https://www.godaddy.com/ventureforward
GoDaddy small business tools and resources: https://www.openwestand.org
Up-to-date info on COVID-19: https://www.cdc.gov
COVID-19 resources and grant information: https://www.covid19businesscenter.com

GoDaddy is not providing advice or endorsing the advice given. GoDaddy intends to provide this advice as a resource.

#GoDaddy #OpenWeStand

Published: Tuesday, July 21, 2020 10:47 PM
Category: WebHosting GoDaddy

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