COVID & Entrepreneurship – Building businesses up while the world is down.

The COVID-19 pandemic has presented a very unique opportunity motivating those with an underlying entrepreneurial spirit to bring their ideas to fruition.

I have watched many of my friends and other people within my social circle develop on business ideas, some part-time, some full-time, that they have had sat in the back of their mind for sometimes years, purely as a result of the COVID-19 pandemic and the consequent lockdown periods.

The unique combination of an increase in spare time and more disposal income due to a decrease in recreational spending has given many including myself the push to create businesses that probably would never have come to fruition had it not been for the circumstances surrounding this pandemic.

We are already seeing, and I imagine we will see many more companies permanently adopting the work-from-home model. Combining this move with the increasing levels of unemployment and job uncertainty, the creation of new businesses and the willingness of people to support local due to ongoing travel restrictions has provided a feeling of positivity and hope for a stable financial future in areas where there would otherwise not be that hope.

I view this as one of the great benefits that has arisen as a result of the COVID-19 pandemic, that has positively affected and will hopefully continue to positively affect individuals (especially young people), families, and in cases entire communities.




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