COVID-19 in Business

 The ongoing COVID-19 pandemic continues to have a significant impact on the global economy, with many businesses struggling to survive. As we all know, no matter where you reside, the pandemic has had a significant impact on daily lives. However, everyone has coped with it differently.

The technology sector has been one of the few bright spots, with companies like Apple, Amazon, and Google reporting strong financial results. Some of you might be reading that these companies have the capital to grow. However, I think anyone who did their homework can have increase growth in business.

Additionally, there has been increased focus on environmental, social, and governance (ESG) issues, with many investors and companies placing greater emphasis on sustainability and ethical practices. This is sector that many people have negated over the years. You can think of the weather and/or social interaction of kids. This pandemic has increased awareness of the need for growth and awareness.

Finally, there has been a lot of talk about the potential for a global economic recovery in 2021, but it's uncertain what the future holds. Given the crypto market tanking, a push for global currency has been skittish. However, it is important to make sure to know the move that it was making.

Given all of these, how does one continue to work in the business world? (1) keep the main thing the main thing. When you are in business providing a service and/or product, try make it the best around. (2) don’t worry about the surroundings. There are all types of issues that are going on around us. But, control what you can. (3) Nothing is as bas as you think. Time will continue to pass:  In the good and bad times.

*Always consult a lawyer for more information.

 

~ Attorney Ronnie O’Brien Rice 

 

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