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Umm the economic world is falling apart unfortunately! Thus, put any startup or company's name here in which their business deals with ppl congregating or wher

Umm the economic world is falling apart unfortunately! Thus, put any startup or company's name here in which their business deals with ppl congregating or where germs are spread and the story is the same. There should be a list of what businesses will remain strong and become stronger so entrepreneurs can quickly create new businesses ..anything food related, medical, online sales & delivery, anything internet/communication infrastructure related, govt services, COVID prevention, COVID research... are some I can think of

AnthonyMouse 7y ago
What this is most affecting is the service industry. If your company makes a product that can be put in a box and shipped to the customer's door, people can still buy it. Maybe even more people buy it because they're working from home but still getting paid or just got a $1200 check or both, and they're not about to spend that money on restaurants or theater tickets right now. That may even carry forward somewhat. You have someone who doesn't have a washing machine, well the laundromat is closed or they don't want to go there and they just got $1200, plus there are lower interest rates and cheaper financing, so now there's a truck delivering a washing machine and they're never going to go to the laundromat again. Even if it eventually breaks they'll buy another one because by then it's the status quo. It may be a good time to get into the business of making stuff.
- paul7986 7y ago
  Indeed making stuff and selling online only that is delivered to doorsteps. Of course we have Amazon now, but as we can see they are slammed and no one wants to wait weeks for essentials.. if fear indeed kills all businesses where germs are spread then we need a few Amazons. A great business for the GetArounds of the world is to focus on using their capital to create things that are in demand now and will continue to be in demand until a proven vaccine is found. That could take weeks, months, years and those with the capital now who shifted to meet demand will survive. Those who wait for a vaccine and who didnt change gears will be mostly gone. They waited thinking this will soon pass and yes the curve might be flattened soon, but the fear and how it changes society (until we have a proven vaccine) will remain!
- what-the-grump 7y ago
  Very unlikely that someone going to the laundromat cannot afford a laundry machine. Many buildings, houses, simply cannot accommodate a laundry machine, many prohibit installation. Many will go to the laundromat because of convenience.
- jcranmer 7y ago
  > well the laundromat is closed For what it's worth, in every emergency shutdown order I've seen, laundromats have been classified as "essential businesses."

AnthonyMouse 7y ago

What this is most affecting is the service industry. If your company makes a product that can be put in a box and shipped to the customer's door, people can still buy it. Maybe even more people buy it because they're working from home but still getting paid or just got a $1200 check or both, and they're not about to spend that money on restaurants or theater tickets right now. That may even carry forward somewhat. You have someone who doesn't have a washing machine, well the laundromat is closed or they don't want to go there and they just got $1200, plus there are lower interest rates and cheaper financing, so now there's a truck delivering a washing machine and they're never going to go to the laundromat again. Even if it eventually breaks they'll buy another one because by then it's the status quo. It may be a good time to get into the business of making stuff.

paul7986 7y ago
Indeed making stuff and selling online only that is delivered to doorsteps. Of course we have Amazon now, but as we can see they are slammed and no one wants to wait weeks for essentials.. if fear indeed kills all businesses where germs are spread then we need a few Amazons. A great business for the GetArounds of the world is to focus on using their capital to create things that are in demand now and will continue to be in demand until a proven vaccine is found. That could take weeks, months, years and those with the capital now who shifted to meet demand will survive. Those who wait for a vaccine and who didnt change gears will be mostly gone. They waited thinking this will soon pass and yes the curve might be flattened soon, but the fear and how it changes society (until we have a proven vaccine) will remain!
what-the-grump 7y ago
Very unlikely that someone going to the laundromat cannot afford a laundry machine. Many buildings, houses, simply cannot accommodate a laundry machine, many prohibit installation. Many will go to the laundromat because of convenience.
jcranmer 7y ago
> well the laundromat is closed For what it's worth, in every emergency shutdown order I've seen, laundromats have been classified as "essential businesses."