- LEARN TO DIVERSIFY
Entrepreneurs must be flexible when implementing the module Operandi of their business objectives. You don’t want to put all your egg in one basket, learn how to diversify during economic dwindling and expand your customers base. During the first wave of lockdown, many businesses wind up because the demand for their products declined, hence, shifting the consumers’ demand for health and manufacturing products upward. An entrepreneur should be innovative in this type of cripple market, perhaps, sell other products that have a positive demand curve under the same brand.
During the first lockdown, some businesses managed to make a lot of money due to the high level of demand for their products. Companies like zoom; Netflix; hand sanitiser products and even some supermarkets were all able to make high profits. Be creative enough to know the type of product people will be demanding at the moment. A great entrepreneur exists because he wants to change the world, not for some fast buck. Therefore, change the world today with your innovations.