COVID-19 has fundamentally changed our world and accelerated business concepts that were already emerging, albeit at a significantly slower rate. These emerging verticals may have been adopted out of necessity, but now that they are here and being adopted successfully, they will become part of the new business as usual. Two such emerging industries are SAAS solutions for remote working and telemedicine platforms. Both have the potential to grow in scale and are ripe for those savvy enough to offer solutions to streamline efficiencies and functionality.
Many hardworking Americans have lost their jobs and a staggering number of small business owners have or will soon be forced to permanently close their doors. As the majority of working Americans are employed by small businesses, many a good American worker will be displaced.
Given the current sate of the economy, it would be easy to focus on the negatives of these unprecedented times and let fear creep into your thoughts; you certainly wouldn’t be alone in this thinking. However, I challenge you to adopt a different perspective. Instead of allowing oneself to be engulfed in the quicksand of fear and uncertainty, why not take this time to refocus your gaze upon the many opportunities that now lie before you.
If you are a business owner, I would challenge you to do the following:
If you are an individual and have been displaced, hopefully any struggles caused by your current situation will only be temporary. Should you find your anxiety level growing and the fear of attaining another job in your industry as a W-2 employee building, I challenge you to consider adapting to the evolving landscape. A few items to consider:
In times of economic shifts and make no mistake, we are in the throes of a shift currently, money does not disappear, rather it merely changes hands. The key to succeeding in these uncertain times is to develop the foresight required to navigate this sea of change. In order to successfully steer through the turbulence, you must determine which direction the money is flowing and do everything in your power to position yourself within its path. With the right foresight, determination and luck, you just find income from new opportunities beginning flowing into your pockets.
Change is never easy and for many, merely the thought of changing careers, pivoting a business or restructuring the manner in which one contracts their talents from employed to independent, is paralyzing. However, fear or not, comfortable or not, the economic landscape has changed and will continue to change fundamentally. Challenge yourself to appreciate the opportunity for growth brought by each tragedy and hardship you face. Acknowledge what is happening around you, but don’t allow your mind to spend too much time on all the happenings of the situation. Instead, fix your gaze on the many opportunities that abound, search within yourself to discover the strength required to take charge of your prosperity, take action towards your goals and learn to appreciate who you become as you traverse this journey we call life.
Robert Mitchell is an award winning serial entrepreneur, executive coach, strategy consultant and the founder of ExecHero, SafeHarbour and Safe Harbour Wellness. When he isn’t leading his organizations, he is passionately coaching other entrepreneurs on how to position their business and personal lives for massive success. Rob enjoys spending time with his family, working out, martial arts, writing, traveling and acting. If you are ready to begin your journey towards your optimal self, email the ExecHero Team at: CS@ExecHero.com .
"Challenge the ordinary, seek the extraordinary and live unapologetically outside of the box."