Post-COVID-19 business opportunities
There’s no doubt that the COVID-19 restrictions have turned the economy on its head. Many businesses are being faced to either temporarily or permanently reinvent themselves. Many individuals who have lost their jobs are also looking at entrepreneurial opportunities in the ‘gig’ economy.
Whether you’re currently in business or you’re looking to potentially start one, it’s crucial to do plenty of market research before you invest a lot of time and money into it.
Unfortunately, no one has a crystal ball to predict which businesses will survive and thrive into the future. However, the following sectors appear to be the most promising.
· Food delivery
Food delivery services have recorded a big spike during the pandemic and more and more people are likely to continue to eat this way after the pandemic subsides.
· Collaboration technology
Working from home has become the ‘new normal’ and it’s also likely to continue to happen after the pandemic subsides. There is likely to be strong demand for any collaboration technology that makes this process easier.
· Digital health services
Health services and appointments are increasingly going online. It just makes sense. After all, why should we sit in a waiting room of sick people to have a GP appointment?
· Online retailing
The pandemic has also accelerated the move towards online shopping and it is unlikely to reverse even when all ‘bricks and mortar stores’ are allowed to reopen in heavily COVID-19-restricted places like Melbourne.
How we can help
At Scorpion Bookkeeping, we can provide you with bookkeeping support services to help you run your business as you adapt to the changed environment. We currently provide bookkeeping support services to a diverse range of clients in South Australia, Victoria and New South Wales.
We can also help you to implement Xero bookkeeping software to help you. We are a Xero-certified partner.
Contact us today for a free, no-obligation consultation to find out how we can help your business!