I have the feeling that fundamental things are changing and whether they are changing for the better only the future will decide.
Here’s just a few of the things that are changing for us as a business:
- The way we interact – this now is predominantly phone calls and MS Team meetings
- The way we do business travel – there isn’t any but that will change when all this is over, but will it be the same? Will we go back to having to make so many journeys that screw up the planet?
- The way we bank – although that’s be changing for some for a long time, I can see massive changes in this sector
- The way people are viewed – in the UK Mike Ashley (Sports Direct) and Tim Martin (JD Wetherspoons) and even Richard Branson didn’t cover himself, or Virgin, in glory by asking for a bail out given he’s a multi billionaire.
These are just a few of the things that could change forever in the business world, and rightly so, maybe it’s the order of things to change every once in a while, it’s happened many times throughout history.
Has it taken a global pandemic to waken us all up to the fact that things need to change, but are we listening? We will see!
As a business we rely on getting people in a room for our training, as most training companies do at the moment, but could that change? Maybe something like AR could help, my feeling is its not too well developed for that just yet. At the moment nothing beats the interactions of people in a room, for now.
Maybe we will see a rise in AR similar to what MS Teams and Zoom have experienced for meetings, who knows.
A lot of this is guess work as we don’t really know what will happen as things return to normal, whatever that is or was. But I have the feeling this pandemic has caused not only pain and misery but also hope… hope that we can change and find different and better ways to communicate so we can make a difference to the planet and each other.
I’d love to hear your thoughts on the changes we are all witnessing.
It’s a long read but this is a great piece on how society is changing during this pandemic. https://www.theguardian.com/world/2020/mar/31/how-will-the-world-emerge-from-the-coronavirus-crisis
I have been asked a few times this week if now is a good time to start a business?
Normally I would say anytime is a good time, but there is one big stumbling block, meeting clients and others critical to starting your business. Yes, you can speak to them virtually but it’s not the same as meeting up in person.
But should that stop you? No not really!
If you have an idea and it’s a good one, that’s assuming you’ve validated it in all the usual ways, then I would say go for it. As most people hunker down and try to ride out this storm others will be growing their business in ways they never thought possible. This gives you an advantage because the competition is quiet.
All I would say is make sure you don’t come across as profiteering and lacking empathy for what people are going through. Yes, you’re dealing with real people not businesses.
First thing to do is speak to your accountant or bookkeeper and find out what’s available in the funding arena as you might get all the help you need financially to get started without having to wait.
The bottom line is if you have an idea and it’s a good one go for it.
WHAT ABOUT PIVOTING YOUR EXISTING BUSINESS?
This could mean doing something you wouldn’t normally do. So, say you’re a builder and work has dried up, you could help in the building and fitting out of the new hospitals etc, there is always work if you’re willing to make a few changes.
All I would say is be true to yourself and your business, only do what you feel comfortable doing.
Work is out there if you want it.
I’ve been giving this a lot of thought over the weekend and as things stand we all anticipate that business, probably life, will never be the same again once this crisis is over.
With that in mind what will be your new supply and demand if things do change?
For me it could be that people are reluctant to start their business, they might put it on hold, I think that’s a mistake, but maybe I would say that, the reason not to wait is obvious, opportunity.
There will be a lot of opportunity for the rest of this year, in an earlier post I said no ripping off or profiteering, but there will be a new supply and demand for us all, we just have to spot it. I actually think its happening now for some.
I urge you to think about this while we’re going through this quiet time and take action.
Reflect on where you are now and where you want to be in 12 months’ time and go for it. This is the perfect time to plan and get your strategy in order, plus as most of us are working from home, everyone is ‘online’ 24/7 making getting in front of people even easier.
So again, make your plan, create your strategy and go for it. It’s now or never.
If you want to talk it through let me know and I’ll send you the relevant links and times.
I have been thinking about putting a strategy document together for change and growth in challenging times, let me know if you’d like a copy.