The current coronavirus outbreak is an emergency for a scale just about everybody has never observed in our lifetime. Cities and countries are on lockdown, major events have been canceled, and folks are panic-buying basic supplies while cutting back on travel. But separate through the tragic health implications of COVID-19, experts say there is likely going to be considered a recession that is global. You simply can’t shut down cities, countries and supply chains without a big flow-on effect. Think of when a car breaks down on the highway and every car it takes time to get traffic flowing again. 

In the long term, however, the stage is set for unprecedented growth, because on the other side of this crisis, fundamentals are strong behind it has to stop. The generation that is millennial hitting its stride financially this decade (and there’s a lot of them). The boomers are into semi- and total-retirement and have more wealth than any other generation in history (and they intend to spend it while they are healthy). Technology is laying the foundations for every business to have global opportunities, and governments of the world are pumping money into the economy by the billions.

Imagine A spinning that is big that spins down at first, then catapults things up on the other hand. First it dios, after which it flies off. This decade is certainly going to end up being the Roaring Twenties anew on many fronts for entrepreneurs. Many big companies are being disrupted plus some may even fall over, creating opportunities everywhere for small enterprises. 

After the 2008 financial meltdown, we saw the birth of dozens and a large number of completely new multi-billion dollar businesses (Instagram, WhatsApp, Uber, Airbnb, Dropbox, Slack, etc.). Them all were started by young adults who probably could have gotten jobs at PwC or some established bank or even for the the recession that is previous. We will see this sort of activity again in the 2020s, because recessions can also lead to reinventions. Companies that try to stay the get that is same chewed and spat out (Blockbuster, Toys “R” Us, Phones4U), whereas companies that reinvent themselves do well (Netflix, Disney, Apple, Microsoft). Most of the time, small, nimble business get to be the bright sparks that fly high after having a recession.

Will You cling to how you did business in the 2010s or will you use this righ time to transform into an even better version of your vision mission and values? Whatever business you have will look different on the other side of this event. ( today**************)