In: Finance
One paragraph that responds to the question: As an entrepreneur, identify one opportunity that you see coming out of the Covid virus and our reaction to it. By opportunity I mean: A need people have that could be satisfied, or a gap in needs that people would want filled. Your solution is a product/service that leverages the opportunity into a potential business. In this thought-experiment, I'm going to make it easy: Assume you have the skills, the resources (including $$), and the networks to accomplish your proposed solution. But it should be available relatively soon, while the situation is in this extreme state.
One paragraph response:
Covid 19 is a situation which was foreseen by none of the business organisations. It is one of the events that have shaken the roots of the economy leading everything to a shutdown and a slowdown. Where plenty of businesses had to be shut due to lack of customers, quite a few have even seen it as an opportunity and adapted well with the situation. One opportunity in such crises could be intervention in “Online coaching industry”. In an era where people resist going out of their houses, physical interaction and delivery services can be expected to decline in a huge number. Thus the only platform which can solve their problems is “Online means”. Further Education and skills is such an industry where people cannot compromise and are open to avail the servicer from an expert even if it is available at a online platform. Thus it is definitely an opportunity of business and assuming you have the skills, the resources (including $$), and the networks to accomplish it.