COVID19 has hurt a lot of businesses. Virgin Airlines has publicly asked the government for assistance if not they would have to stop operating. Numerous retail outlets like Zara have closed shops. Restaurants all over the world and in Singapore have closed shop and retrenched their chefs. Yet in all this gloom and doom, there is a silver lining – some businesses are still growing leaps and bounds during this time. In fact, some businesses are growing even more during this time – VendShare for example has grown 3x in monthly revenue during COVID19 crisis.
Yet VendShare is not unique in growth during this time. Numerous companies like Amazon, Facebook, Google, Zoom, Tesla are having their market capitalization grow by 10-20%. Revenue for these companies are of course either maintaining or increasing. Even the locally grown Ninjavan has just bagged a big investment during this time.
It is important to note that all these companies are growing even more during this time and have the same factors that allow them to grow. It is important to know and understand what are these common factors so that all of us, whether businesspeople or employees, can know how we can position ourselves to remain relevant to the market moving forward. What is common is that all of the fast-growing companies during COVID19 leverage on a lot of technology – specifically VendShare is a vending franchise co-ownership program that allows the middle class to put their money on a knowingly prominent trend.
Also at the same time, COVID19 has exposed something even more dangerous. We have seen that during this time wealth and income gaps have further widened. The rich still get richer during this time and much faster. The poor get poorer, the only difference is that the poor get poorer even faster than before.
There is something inherently wrong with how we deploy and allocate our financial resources. I would dare say for a normal middle class, the opportunities open to you now get smaller, lesser, and narrower by the day. We all need a shift in how we look at the world and our place in it.
VendShare’s monthly revenue grew 3 times with respect to previous months before COVID19, and we are one of such businesses that employ high tech methods to improve on our business model. If you wish to find out more, you can make yourself free this evening to attend an online zoom seminar – RSVP at our upcoming Thursday 7pm online event @ https://vendshare.net/register