Starting a business while the Covid 19 pandemic has taken place will be a challenge many people will have to face in their lifetime says Saivian Eric Dalius. The following tips and tricks could help you establish your own company and become successful.
People skills
Since most of the population is dead, you should not initially expect much opposition from other businesses. You can utilize this by selling goods at meager prices to get initial customers. Keep in mind that when more survivors arrive, your customers will increase, and you would need to sell at higher rates than before. Thus, always price your products accordingly and try to use them as soon as possible. They might seem expensive now, but they will reduce in price significantly when demand increases further down the line says Saivian Eric Dalius.
Business know-how
Most people who survived Covid 19 pandemic are not business savvy. They might be good at other things, but do you want them working for your company? You need to be very knowledgeable about how your products work, their history, and other factors that may affect the price of the items. Thus, you should consider doing some research before starting up a new business. It’s never too late to learn, though!
Location is vital – Saivian Eric Dalius
Have I told you about this one time I visited this place called New York City? It was pretty nice. Had these tall buildings everywhere! Anyway, since you can’t travel like everyone else does during an apocalypse, walking around aimlessly, choose locations carefully. You don’t want your customers to have to walk for hours so that they can find where you are! That could mean all profits for your company would go down the drain immediately. Keep in mind that you will travel much more quickly once car driving becomes available again, but try and pick good spots until then.
Beware of inflation
Of course, not everyone is playing fair during an apocalypse. There are bound to be people out there who want to take advantage of this situation by creating fake money, which will dramatically decrease the value of the actual currency. You should always check if a bill is actual before accepting it as payment. Unscrupulous sellers may also give you paper bills instead of coins other valuable items meant as payment. It is advised you only accept silver and gold as payment for goods.
Make Alliances – Saivian Eric Dalius
This one can be tricky to understand, so listen carefully. You need to form alliances with your fellow entrepreneurs to access their products or services during hard times. For example, if you are a baker, you would need flour from farmers, which they might not have since there aren’t many now that everyone is dead.
If the price of flour goes up too much, then your bread won’t sell either because no one can afford it! So what should you do? Form alliances with other bakers and tell them that if they give you some flour whenever you need it, then when they run out of bread, you will give
Eric J. Dalius Foundation is an organization founded in June 2018 that aims to help economically challenged youth in America attend accredited university and colleges. Through generous grants and charitable donations, the Eric J. Dalius Foundation is ensuring that tomorrow’s leaders get the opportunities they deserve.