The world is slowly recovering from the pandemic crises. Medical agencies have started vaccine trials, so there’s the slightest hope that it will be over soon. The COVID-19 pandemic made us realized that having a single source of income is not enough if we want to survive in this world. People are indulging themselves in learning new skills to open multiple income sources.
Today, in this article, I’m going to talk about a well-known skill, Entrepreneurship, and what’ll be its future in the post-COVID-19 era. I’ll also talk about some apps that every entrepreneur should use.
What is an Entrepreneur?
An entrepreneur is a person who bears most of the risk of starting a new business platform, but also enjoy sound rewards. You can call entrepreneurs as innovators that develop new goods, business/procedures, ideas, and services. They play a crucial role in the economy sector by using their skills to anticipate the current trend in the market and bring new opportunities. An entrepreneur who takes risks gets rewarded with huge profits, continued growth opportunities, and fame. It’s also a gamble in which, if you fail, you’ll suffer heavy losses, and the market will slip from your hands.
It is the process of developing, organizing, and running a business enterprise while handling any uncertainties (that might arise in between) to earn profits. Starting a new business is the best example of entrepreneurship.
In terms of economic standards, entrepreneurship involving land, natural resources, capital, and labor can generate a profit. It is a risky platform and an indispensable part of the nation’s capacity. The entrepreneurial end-goal is to succeed in this ever-changing and competitive global marketplace. There are four types of entrepreneurship:
- Startup Entrepreneurship: A business with a vision that can change the world. You have to interact with investors who encourage people with innovative and out-of-the-box concepts. It is about scalable business and experimental models, hiring the brightest and enthusiastic employees. This entrepreneurship type needs more venture capital to boost their business or projects.
- Social Entrepreneurship: It focuses on producing services and products based on social problems and needs. The moto is to solve the social needs and work for society by not making any profits.
- Small Business Entrepreneurship: It involves grocery store, consultant, plumber, hairdresser, electrician, carpenter, travel agent, car dealers, etc.. People run their own business and hire the local employees or family members. They don’t make huge profits and fund their business with small business loans from banks or family and friends.
- Large Business Entrepreneurship: It involves large business companies with a defined lifecycle. They grow and sustain by providing new products based on the concept of their main products. The advancements in technology, changing consumer preferences, and new competition creates pressure on large companies to launch and sell an innovative product for expanding the customer base. For this purpose, these companies either buy innovation and growing enterprises or internally develop the product.
Apps that every Entrepreneur should use
If you are an entrepreneur or starting as one, you need a set of tools to manage your schedule and business. Following are the top 6 apps that you should be using if you want to improve your success rate:
1. Google Drive
A scalable Google cloud-storage platform known as Google Drive will eliminate the worry of losing important documents. As an entrepreneur, you need to take extra care of your files, and you can’t carry hard copies everywhere you go. With Google Drive, you can store those files on cloud storage from where you can access them anytime and anywhere. Not only that, but you can also arrange documents folder wise and can use spreadsheets to record your business progress.
2. Google Calendar
Scheduling may seem easy and simple on the surface, but it’s not. Believe it or not, but we all have experienced scheduling nightmares in our working careers. Google Calendar can solve this problem for you. It consists of multiple easy-to-grasp and sophisticated tools that you can take advantage of in your entrepreneurship career. You can schedule your meetings, create multiple calendars for various events, save attachments for those events, create appointment slots, and much more. There’s no need to carry a schedule dairy in your hand, which you might lose at some point.
It is a project management tool that enables entrepreneurs to work feasibility with their team from day one. Asana does not involve onboarding and set up processes like other apps, making it less complex, offering multiple advantages with a wider variety of features. The app offers a free tier, limited to 15 users only. The paid plan starts from $9.99 per user per month for annual billing.
To download the app, click the link below:
Asana for everyone
4. Podcast Apps
Having a podcast channel will allow you to reach more users. It provides a platform where you can share your knowledge and expertise related to your industry. You can share information regarding new services, products, general information regarding the industry, or company information. There are multiple podcast apps like Apple podcast, Google podcast, Spotify, etc.. By integrating podcasts into your marketing plan will add value to your company’s profit.
Superhuman integrates your social insights with your workflow. It has a subtle and simplistic design, which makes it a super-fast email tool in the world that allows you to collect user information and create new connections across social media platforms like Twitter, Facebook, and LinkedIn. You can use superhuman as a surveillance app to manage your Gmail emails. It offers plenty of features like follow-up reminders, read statuses, scheduled messages, undo send, insights from social networks, etc..
It is an American-based cloud-driven enterprise that enables businesses to stay connected. If you have a team working under you, Slack will allow them to stay connected with each other no matter where they are. You can hold meetings with your business partners or employees. It’s easy to use, and your teams will be more productive no matter where they are working. You can share the progress report with everyone, follow conversations in the searchable archive, etc..
In the post-COVID-19 era, entrepreneurs should be ready to face the harsh reality. Millions of people’s lives will be affected by the downfall of the economy, and as an entrepreneur, you should be ready to face the losses too. According to a report, entrepreneurs would be losing around 50 to 80 percent of their turnover along with valorization. But there’s good news too. Entrepreneurs are warriors with optimistic and resilient minds. They can fight back with their innovative skills and analyzing the current market state. It’s also an opportunity to try new ideas that could work in society’s favor like, new technologies to detect such viruses ASAP, wellness products, etc..
But, you will need a set of tools, access to capital, a team of enthusiastic people, and know-how or specific expertise.