Business Ideas - Which Types Of Businesses Should You Open? How To Survive?

In this video, let’s cover pandemic proof businesses for Entrepreneurs and those looking to start a business. We will also cover some things to make your existing business potentially pandemic proof as much as possible.

As an entrepreneur with several businesses that revenue in the millions, I must say the pandemic completely changed the ballgame of business everywhere. From restaurants needing delivery to survive, airline businesses shutting down, hotels, resorts, and everything in between.

I wanted to go into what will be the future of pandemic-proof business and also determine if a pandemic-proof is also recession-proof?

ZOOM is a prime example of a pandemic proof business.

As you guys know, Zoom has ridiculously gained in stock with a 169% growth in revenue for the quarter which is double.

* Zoom’s revenue growth picked up significantly during the quarter.
* The company more than doubled its revenue guidance for the fiscal year as well.
* Many people have flocked to Zoom in recent months to virtually meet with colleagues, classmates, friends, and family members as the coronavirus has continued to spread.

Their monthly user base grew from 14 million to 173 million. Their biggest growth came from businesses that have 10 or more employees at 354%. The actual user base grew from 10 million per month to over 300 million using the platform by end of April 2020. The pandemic surely helped this company skyrocket.

Zoom grew so much during the pandemic period that its company evaluation is at $35 Billion surpassing Lyft and the top 7 airline companies combined during their stock prices.

Zoom’s growth didn’t come cheap as they added Amazon Web Services hosting to enable them to keep up with the super high server demand… but because of the huge rise of their stocks, it didn’t matter. In fact, the founder’s net worth more than 9 Billion which is incredible.

So if you already have a business and want to be better prepared for Pandemic, let's look to see what can you do.

* Invest in more of an online presence. People are on their phones and computers.
* Review all of your employees, how they work and who is worth keeping in case you need to lay off.
* Determine at what capacity your organization can still run.
* Evaluate Supplies - can you cut your costs?
* Stock Up on Masks and Sanitizer to make them feel more comfortable
* See if your employees would consider part-time work vs lay off.

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#businessideas #pandemicproof #recessionproof