Andrew Lloyd Beaver PA | The Fall And Rise Of Businesses During A Pandemic

Beaver, PA — Business owners and startups hustlers often report that they face crises and challenges day to day, but last year came out a little unexpected for a lot of them according to Andrew Lloyd Beaver PA.

For the business owners like Andrew Lloyd Beaver PA who thought their “Business process” was simply efficient and advanced enough to tackle the modern-day issues, the pandemic made it look different.

According to one post from CNBC, more than 60% of businesses that were temporally closed because of lock down were completely shut down last year.

In America, the majority of businesses are small businesses and most of them require physical access like cafeteria, restaurants, auto repairs, etc.

But because of the risk of infection and lock down, the business couldn’t even reach its break-even point and could pay its bills says Andrew Lloyd.

Which later resulted in bankruptcy and job loss at a global level.

The hiring process became incredibly difficult as big business owners are looking for cutting their costs and decreasing new recruits’ salaries.

Even though everyone has a smartphone in their hands but that alone does not get everything done.

You can ask for directions to visit a barbershop but you have to physically travel there.

The business structure although had digital breakthroughs over the years and with the rise of social media but it was hard for businesses to completely shift their attention and the way they operate their day-to-day functions online.

But because of the necessary measures it also forced people to re-think, restructure their business to thrive in a new era by allowing them to focus on productivity instead of looking busy,

Prioritizing mental health over the “Work till you die” mindset, which brings us to the next part.

The rise of new ways:

Andrew Lloyd Beaver PA says luckily work from home did not go 0–100 as even before Covid 17% of US workers were working remotely 5 days a week according to this report.

Acceleration in the increase of remote work also helped in developing better tools to support it and made people rethink the way they used to work.

Work-life changed forever, Business adapted towards the digital economy and made options like “remote work” available to almost anyone in their workforce.

This helped businesses and individuals save tons of money by reducing the cost of commute, gas, real estate, office expenses, security, taxes, physical spaces, etc.

And after realizing this employees are prioritizing to work remotely to reap benefits like these:

• Flexible work schedule.
• Able to care for their elders.
• Ignoring office politics.
• Spend time with their family.
• Improving their mental health.
• Saving on commute.

To learn more here is a chart from Statista explaining the perks of working remotely:

In fact, employers are having a hard time getting their team back in office post Covid says Andrew Lloyd Beaver PA.

But remote work is not the only thing that worked, the ability to spread your business in multiple channels through which your business can communicate, spread the word and provide better customer care has also increased.

Omnichannel commerce has been the solution to the business that was established in physical locations so that their customers can find them online and continue their business with them.

It is a win-win for both sides and economically efficient.

Other than that individuals who have faced job loss and unemployment are shifting their attention towards rethinking their career choices and make better long-term plans.

Andrew Lloyd says the rise of the gig economy is increasing the workforce of people who can choose when to work and where to work.

“Self-employment” is actually having a moment now as people are quitting their jobs to take risks and follow their dreams.

Business like e-commerce, dropshipping, NFTs and other things that people initially started as a side hustle is becoming their full-time jobs and sources of income.

A side note: if your friends have a business or you know someone well enough in your circle who owns a local shop don’t ask for discounts.

The above section of these blog posts has indicated how hard it is for almost all types of businesses to get back on their own two feet, they are hiring less, sometimes even not generating enough revenue to cover their bills.

So when dealing with that you can help them show your support by being a good friend and paying fully for their services even if they ask you not to.

It will also make them respect you even more according to Andrew Lloyd Beaver PA.

As pandemic made a lot of people stay inside and rethink their choices both professionally and personally it made them open their eyes and realize the mistakes they have been doing and the changes they need to make.

And that’s it, so are you still employed by your remote job? Or did you pick a side hustle, let us know below!

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