Should I Start A New Business During A Pandemic? (Hint: The Answer Is Yes!)

The future of the economy seems a bit murky right now but if you’ve been thinking of starting a business, the time has arrived. You might be thinking that this is the worst possible time to start a new chapter. Branching out and sacrificing a steady paycheck may as well be the same as diving into a dark hole. You don’t know where you’ll land or how far you’ll fall before catching yourself. But, with a little bit of reframing your thinking, you’ll see that it’s time that you take that leap and blaze your new path.

If You Can Survive Now, You Can Thrive Later

Businesses around the world and across all markets are feeling the heavy weight of the coronavirus. Many businesses are relying on their creativity to find solutions to keep their doors open and their revenue streams flowing. To be quite frank, some will survive and some won’t.

The thing about starting a business now is that if you can survive right now, you can undoubtedly thrive later.

This will be one of the most challenging eras to navigate but success is entirely attainable, despite what you may think. Starting a business and finding ways to succeed when the cards are stacked against you will only make you stronger on the other side.

Interest Rates Are In Your Favor

You may need capital to get your business growing. Right now is an excellent time to obtain a business loan. Interest rates are at an attractive low rate. Having payments with a minimal amount of interest will help you grow your bottom line.

Time Is Your Friend Right Now

Many of us are working from home and our normal sources of entertainment aren’t open for business. Rather than kicking back on the couch and spending another Saturday binging on your favorite shows, invest in your future by building your knowledge, growing your network, or fine-tuning your strategies.

Become an expert in something that will help your business. Create a business plan. Do some market research. Create a website. Find people to network with. There is so much that goes into getting a business up and running and now is the absolutely perfect time to start chipping away at that.

Room For Long-Term Opportunities

Some businesses are thriving right now based on opportunity. Their niche will quickly fade once COVID-19 is done wreaking havoc. These are companies that do things like make masks or clean offices specifically for coronavirus protection.

There are other types of businesses that are thriving right but they also have a likelihood for capitalizing on long-term success. Companies like meal delivery, technology for remote applications, and e-commerce are booming right now. It’s highly probable that these companies will continue to see growth as the world makes long term changes even after the coronavirus has passed.

Embrace The Adventure

The thing you need to remember and take to heart is that life is an adventure. Sure, you can work for the same company for 25 years. You’ll have a steady paycheck and maybe even a dull cubicle to call your own. Where’s the adventure in that? Plus, look around you. How many people do you know that were dropped like a hot rock as soon as the pandemic started infiltrating their company’s revenue? There’s less security in those jobs that you’d think.

Starting your own company is one way to manifest your own destiny. It’s writing your own story and playing life by your rules. You become responsible for your own success and security. It can be scary, sure. But, what’s even scarier is living your entire life too afraid to take chances.

It may be cliche, but the old saying is true: If you never try, the answer is always no. The time is now to act on your business goals and prove yourself once and for all.