Coronavirus: “How Post Covid-19 era can be a blessing in disguise”

 

As expected during this Covid-9 era, Companies will continue to cut off workers, declare bankruptcy, emerging business fold up, Entrepreneurs left cash strapped. But to some, It has been a blessing in disguise.

According to BBC a British says “Losing my job pushed me to set up a business, It's almost been a blessing in disguise. I was stuck in the same role for a number of years, but now I can work for myself and hopefully secure a better future for my family,” says Jay Lee.

The 32-year-old from Surrey recently lost his job at a large UK bank as a mortgage adviser, where he also helped customers with fraud investigations.

"Even when the pandemic started getting more serious, we were told not to worry about our contracts. We were given full reassurance that our jobs were safe."

A couple of weeks into lockdown, a conference call was organised for the team who were all working from home.

Jay says that by the end of that day, 40 of them had been told they would lose their jobs.

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New career move

Jay then decided to take the plunge and set up a business, uAcademy, which offers online courses for aspiring mortgage advisers.

"It's something I had been thinking about doing for a year or two, and this gave me a push to do it. I suddenly had a lot of free time, so I managed to set everything up and create the content in about two weeks." The business has got off to a solid start, he says.

"There's a lot of interest in online learning at the moment. People want to learn new skills, maybe something to help them with a new career."

Young people are most likely to have lost work or seen their income drop because of Covid-19, a report suggests. More than one in three 18 to 24-year-olds is earning less than before the outbreak, research by the Resolution Foundation claims. It said younger workers risk their pay being affected for years, while older staff may end up involuntarily retired.

Figures in UK showed unemployment rose by 50,000 to 1.35 million in the three months to March.

While it has been a blessing to some, it has been very difficult to many who are not prepared mentally, physically and financially to handle the losses that may arise as a result of the pandemic and Young Emily just like you seems to be one of them.

University of Portsmouth student Emily Isaacs, 20, was working at a kennels near her family home in Ashford, Kent, during the holidays before lockdown began.

But with the business temporarily closed, she says the "future is unclear" and she worries the loss of income could have a knock-on effect on her business studies degree.

"Having the job meant I didn't have to stress about money and I could focus on my studies," she said. "I don't really want to be worrying in my final year - which is stressful enough with my dissertation coming up. "I'm still paying for my student accommodation and will have to next year as well, even if they continue with non-contact teaching. The deposit and first month's rent is due next month.

"I've moved back with my parents to try and save and I'm looking for work but a lot of jobs out there aren't the sort I can apply for because some of my family are vulnerable [to Covid-19]. "I'm just hopeful I can find something when I'm back in Portsmouth."

 Industries that traditionally employ younger staff such as pubs, restaurants and leisure centers have remained shut throughout the eight-week lockdown, as have many shops.

Employees across all age groups were found to be more likely to earn less than they did in January than earn more.

This is the time to take advantage of every resources you have and take your business online or give it more exposure online if it is online already.

Reports indicate an increase of 50% activity on the internet during the height of the Pandemic, with activities ranging from video conferencing, uploading pictures and chatting on Facebook, Instagram, lots of engagement on tweeter, People checking about coronavirus update on Google, Watching Youtube videos and even going to Porn Site.

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Maximizing the power of internet will give your business a financial boost as statistics shows the world will not recover from the effect of the Pandemic any time soon.

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