The Coronavirus is here and maybe even here to stay for a long time. Countries are shutting down their borders, both major organizations and companies, that rely on the physical world (like tourist agencies, restaurants, conventions, flight companies, etc.) are feeling powerless in this deterioration of the current circumstances.
I am the co-founder of Tagpredict, a startup that focuses on social media prediction and observes the panic sentiment around these recent events. We’ve combined over 20 years of our experience in one of the most dynamic and ever-changing industries, and would like to share some insights that might change your perspective and even encourage you to do something about it.
Are you prepared for the tide?
The great depression, WW 1+2, economic crises, epidemics, the sub-prime crisis of 2008 and whatnot. These times can be harsh and sometimes even unbearable, but as history shows, nations and humankind do tend to overcome those challenges and when that happens, you will be thankful for taking the right step to prepare yourself for the tide to come.
Maybe it’s a great time to invest in digital assets?
Digital assets don’t live in a physical world as real estate properties or brick and mortar businesses. It can be your blog, your social media followers, your email list, your Saas products, vlog or anything else that you can make income from by using the web.
More than ever we see people consuming online content and you shouldn’t miss out on a great opportunity to diversify your income stream with creating digital assets that can both grow into something bigger over time and protect you from recession periods.
It’s always the right time to invest in yourself
Whether if you are confined to your home due to the recent events or just trying to get through these days without getting into crowded places, you currently have 2 main choices, you can stick your nose in front on your TV or smartphone screen or you can start making plans for your future. Maybe it’s time for a career change? What will be the most in-demand skills in the years to come?
“If you don’t design your life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.”Jim Rohn
Which companies can benefit most from this situation ( and how can you follow the money?)
“The time to buy is when there’s blood in the streets.”Baron Rothschild
One fact remains the same, there will always be people or companies that will benefit from these recent events. Take those companies for example; Medical companies, retailers, real estate investors (that are buying distressed properties), local manufacturers that have a boost in sales due to general shut down from factories in the far east. How can you work with or for those companies? What kind of services can you offer them? If played wisely you can make a nice profit and brand yourself as a problem solver in troubled times.
Revive old connections and be proactive
Remember that you are not alone. Other people are also worried and maybe even canceled some important events, meetings or business trips. Be proactive and reach out to your previous colleagues, customers or old business connections. Just by asking “how are you? ” or “Is everything fine with you?” can open a window of communication to interesting opportunities or connections.
Till then, keep safe and be positive.
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