PANDEMIC AND BUSINESS !!
After the corona virus world has completely taken a detour on each and every field. Not only on the market side but in the persnol lifestyle of the people. Health has become one of the prime topic these days. Lockdowns and restrictions everywhere yet we have already started to go with the present flow. Pandemics has impacted small and medium scale businesses largely. It has become a very important thing to know about the market conditions no matter whether employed or employer. This article is my opinion and prediction on market and its growth !!
The term crisis and business is always a synonym, if its not corona then it would have been peoples preferences and the market evolution. The problem with the business entities is not paying enough attention to strategies which keeps business going even in adversities. Most companies gets satisfied when the monthly profits meet or exceed their expectations. They fail to create a reservoir in capital so that they can use that to shape in the time of emergency.
PRESENT SHAPE OF MARKET
Today the mindset of the people is more towards their safety and not in spending. Markets are healthy only when people have interest in taking out their money but in recent times due to the pandemic people have moved towards spending for needs hence the market conditions are little dull.
MARKET PREDICTION
In my opinion, after the lay off crisis in the IT sector at 2009 people have almost stabilised their mindset in confirming with the social status. Even though we all read philosophies and listen to great people, we still have a herd mentality which is very good for the market condition because the cash flow in the market will definitely boom. Psychologically people may start spending in the pandemic itself just to show and inform themselves that they are secured even in a major crisis. So the chances of market being shattered is completely less but may experience a slow healing till may of 2021
COMMODITIES OR SERVICE ?
Commodities and service sector both will face an equal growth but service sectors may find a little spike in growth as people have experimented doing things by themselves in the last year which they have found it difficult and have understood things wont suit them for long so there is an ample chances of a spike in service industry. We can expect a lot of small entrepreneurs emerging till may 2021 but may not be able to sustain because of the market conditions. We cant plant a new tree while in floods !!
TECHNOLOGY
Tech industry in my opinion are trying to hit out of the box as presently the need and expectations of the industries on tech companies has gone up. Recent work from homes and remote managements makes tech service and product providers to work round the clock to satisfy the current situation. Economically tech industry will have a fortune but at this rate after september tech industries may face a monotonus dull with their employees mentality.
Overall the pandemic is a right time to really grow the business but not to start a new one !! As there is a lot of ifs and buts to be considered to start but the existing business can reform their style and promote to gain a good stature !!!
