Lightbulb, cha-ching. So where's the opportunities? 1. Those who take the initiative, respond decisively to the challenge, differentiate themselves from less fleet-footed competitors, and execute their strategies with single-minded determination can still expect to grow. 2. Catch up on the latest news videos from around the world. That is why these platforms are thriving. It will help to come at this with a solution-based approach, where you concentrate not only on where to go with your service, but what to do when you get there. Nonetheless, The New Normal will catalyse many pending changes that was told to be forthcoming while sparking the innovation of many brand new ways of conducting business. 4 | Beyond COVID-19 What will define the “new normal” Three horizons In an era of rapid disruption and business transformation, business leaders are simultaneously balancing short … The shift from a centralized defense model to a distributed and containment model in managing a pandemic has highlighted the … Three years ago (2017), long before COVID-19 wreaked havoc globally, the bricks-and-mortar businesses in the USA were either downsizing or closing. After the partial lockdown was lifted, that on gatherings remains in place. If you fulfil any of the suddenly abundantly available number of needs as a service, you get to help others and also get paid in return. If you’re a wiz at software development, you should look into that. Making the Leap from Employee to Entrepreneur! You’d have to imagine a business, a rapid-sales business, whose only mode of sales is in-person and through their brick & mortar premises. We see six critical areas in which executives can refine their digital roadmap to put themselves in a stronger position for the long term. Go to bit.ly/maxwrites to read all my previous articles. STRUGGLING ARTISTS: Shatta Wale has been very vocal about how the industry isn’t helping artists like musicians. The sooner you recognize the changes needed in your business, the … A double win! The pandemic barely affects their employment status. Point is, if it was harder before, it’s relatively easier now and your potential customers need you. 10 hours ago, AirtelTigo donates items to Kumasi Children’s Home, Can Ghanaian democracy survive - If the 8th parliament of th, The fault lines of Galamsey (Illegal Mining), I'm ever ready to serve East Gonja Municipality if given the, Kumasi lawyer links country's under-development to bad leade, Nkrumah Mausoleum Is a Japanese Idea – Part 1, Group Uncovers Plot to Scuttle East-West Road Project in Riv, IES upbeat over Akufo-Addo's renewed commitment to provide m, World Bank to boost Africa's Drylands with over $5 billion i, Gov’t considers international capital market funding program, Ford ceases production in Brazil after over 100 years, MTN bags six awards at 2020 Africa Human Resource Innovation, AfCFTA functions transferred from Ethiopia to Ghana. 8 hours ago, Let's embed Rawlings' values in the national psyche — Parlia... https://www.modernghana.com/.../7-business-ideas-for-the-new-normal.html Many struggling companies right now can choose to add another income stream to their bottom line or perhaps completely transform their company into something different in response to market changes. Entertainment - People will always look for something to entertain themselves. By continuing to browse the site, you are agreeing to our use of cookies. These wellpreneurs range from health coaches to personal trainers to yoga teachers to authors to retreat planners to natural skincare brands. The Ultimate Time Management Lesson: Time Asset Vs Time Debt. There are quite a few places where you can buy and sell websites to … 26 million Americans are without a job right now, and that's just in the U.S. alone. Even during unprecedented times brought upon by a world-changing pandemic, a homegrown business has not only opened more stores... OFWs, local market take lead in buying properties. Not all manufacturing businesses need heavy capital. Education for Teachers on how to better connect with students in the online classroom. One could offer services that repurpose content for more varied consumption. Frankly, if an online group like Ghana’s “Tell It All”, with over 270,000 members, evolved into a paid membership platform, a substantial amount of people would pay for special privileges. These are all facts, and this is an opinion piece. The COVID-19 pandemic has set free countless workers, but a good number of them have switched to become ‘giggers’, offering their services on a short-term, task-based, contractual freelancer basis. Why? New normal for businesses Philippine Daily Inquirer / 04:07 AM April 27, 2020 Everyone agrees that life as we’ve known it will not be back soon, or perhaps ever. If ever there was a valid idea you had in the line of education and you can teach, this is the time to create that education medium. It wouldn’t be the best time, would it? PUBLIC SPEAKING: The pandemic has hit professional speakers badly. There are area champions that can easily rally together multitudes of people within their local and online communities. Here's a list of 20 small business ideas you can work on with low investment. It lies in the new normal lifestyles of people which focus on the “essentials” that were forgotten pre-2020-pandemic, but were rudely foisted on the public psyche by the pandemic: the need for fresh, nutritious food; a healthy work-life balance, among others. They get quality yet affordable human resource, the graduates get work and you should be able to get some work done in the middle of all of that. Advertisement. The biggest meeting location has always been the internet, the web. . People are in The New Normal; this will have them looking for answers. They are always in search of small business ideas with low investment.In order to support them here is an extensive list of 225 Small Business Ideas for 2021-22 with Low Investment and High profit.These business ideas are also suitable for college students, housewives, and women. For retail and entertainment venues, physical distancing may become a fact of life, requiring the redesign of space and new business models. on. Philstar Global Corp. All Rights Reserved. Startup Business Ideas #74: MACRONUTRIENTS & WORKOUT ENHANCING POWDERS. People who have or create groups or platforms like this can earn extra income from memberships and special paid privileges. In fact, new normal just might be better than old normal. PHL have one of the most expensive electricity in SEA so investing in some solar panels at home can be an opportunity to save money and also earn from surplus energy selling it back to the grid. New Normal of Business Requires New Ideas. During these lockdowns, billions around the world have started consuming more content; Netflix, YouTube, Facebook, TV Shows, Books, you name it. Don’t forget that famous artists will offer an already existing set of customers that’ll eagerly engage with your medium for access to their favourite artists. ACCOUNTANT Or, think bigger and help speakers create their own conferences and other events. You need to have a great business idea that is not only in demand but unique too. Knowing YOUR interests is the first step to choosing the best health and wellness business for YOU to start.. On The Wellpreneur Podcast, I’ve interviewed over 100 wellness entrepreneurs about how they’ve built successful businesses.. With your meaningful insights, help shape the stories that can shape the country. No matter how great you are at building engines, you may not be nearly so confident in your ability to build your business. – Isaiah 58:6 NLT. The New Normal will prevail even after this coronavirus. The companies that emerge stronger from the Covid-19 pandemic will be business builders. This is the time to surge ahead if you have a valid idea. None of these are new inventions that people have never heard of before, however, their up-swinging trend stems from their delivery to the end consumer. Because in this instance it’s not even about content anymore. It involves buying an already running website, improving its design and content, and then selling it for a profit. If you possess the requisite skill or can direct your services at them, then helping these new content creators can be a new line of income. They understand that customer behaviors and needs will change. Editing is another big way of improving on the work of first-timers. Doug Kaufman. A focus on the essentials also means greater focus on keeping healthy and making life simple to allow Filipinos to work and play both in the physical and virtual worlds. Put in place a buy local marketing campaign or contribute to other organizations in your community that are working together to make a difference. Education for Parents helping their children with online courses and on better connecting with their children through social learning. Kindly make it about 1000 words. The situation we are in currently is the new normal market factor and businesses that are going to flourish are those that are able to adapt the fastest. He is also the Business Advisor for the General Agricultural Workers’ Union of TUC (Gh). Before you do that, you have to realize what those services will be. But that’s like discussing all the benefits of fire while your house is burning to ashes. And they will build new businesses to lead and control those new profit pools. Here are 10 business trends likely to last far longer than the coronavirus pandemic. In what other time would world powers be issuing purchase orders for PPE’s on social media. It’s simple, really: in a time of need, people have… well… needs, needs they otherwise wouldn’t have, be it an increase in the number of already existing needs or the emergence of new needs. Because on platforms like that is the cure to a lot of loneliness that’s been going around from being stuck indoors for weeks. 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