The world is on Lockdown but Time is not

Spend your time wisely in sharpening your AX

Covid-19 is a virus that has actually destroyed 2020(it's right to blame it or not). People are jobless, cashless, students are worried about their future, people are scared to move out, and the most shattering thing is a Human is scared to touch another Human.

Most of the people are sitting at home, some are happy to enjoy quality time with loved ones, others are in a state of depression as their Business is going down day by day.

The world will not be the same always and we have proven it by recovering from Wars, the recession of 2008, natural disasters, we equally are capable enough to come back after this pandemic but we all know it will take some time.

This is your time to sharpen your ax in other words it's the right time to make your skills boost up, Strategise yourself as the clock is ticking and when the world will open again in full swing we should be ready to take the new challenges and perform with abilities.

Abraham Lincoln once said, “Give me six hours to chop down a tree, and I will spend the first four sharpening the ax.”

Right Time to Update and Upgrade

The world has definitely changed after Covid-19, there is no doubt about the fact Internet and Online Platforms have surged in recent days, Businesses are taking a turn and they have taken the WEB very world seriously.

It is the most accurate time for you to take market updates on how things are changing in your industry and Upgrade to those trends which will be beneficial in this upcoming digital world.

Below are some of the points stated in the Entrepreneurial Universe and the sole aim is to benefit you or someone who is struggling in the business.

• Planning and Restrategising

WORLD is not going to be the same, a lot of companies are changing strategy to survive in the upcoming markets, The focus is on Health and companies are making sure to relate their products and services by adding catchy one-liners to build an emotional connect with their potential client.

Sometimes it's an advertisement which stays in the mind of people urging them to buy the product.

• Extra cost reduction

For Employers

Let us take an example of IT Companies, A lot of them have realized the work can be done remotely and they have saved expenses like Building rent, Cateferia expenses, Transportation expenses, quarterly expenses on Team Outings, and other miscellaneous expenses.

For Employees

Apart from the monetary aspects, they have seen an increase in the efficiency, they are able to stretch as the stress of traffic is evacuated from the mind, quality time with family, and no headache of thinking what to wear the next day.

The Result — Companies like Capgemini, Tesco, Flipcart were able to roll out increments and were able to even hire new staff by eliminating some expenses they were able to use the funds for staff welfare.

• Expansion

Companies that understood the market and its changing pattern were even able to expand even in these bleak situations.

Apparel companies churned along with Healthcare companies to manufacture Personal Protective Equipments (PPE).

A company like 3M took the majority of N95 masks market share with not only due to its Quality and Quantity but with great advertising and credibility in the market.

OTT Platforms like Netflix and Amazon Prime realized in the early days of the pandemic and launched Shows, Series of all genres to make sure they capture all the viewership.

• Upgrading

Companies have upgraded and are adapting continuously which is the reason they are able to grow constantly and the ones which are shy to involve in changing trends have not sustained in the market for too long a reputed brand like Kodak, a market leader once failed miserably and later filed for bankruptcy in 2012 as it was unable to change to the digital world.

On the other hand, its Japanese competitor Fujifilm realized the world’s changing trends and introduced itself only to place itself comfortably in the digital camera world.

Another Example is Pepsico, who realized the importance of health and acquired Quaker Oats in 2001.

Conclusion

These were some of the real-time examples which happened around us to inspire, and we can learn from them and implement the strategies which can help in the growth and expansion of the business.

If you are a student, keep yourself engaged in learning new things, taking new courses, make sure the time you have is spent on self-growth and development.

Always remember Time is Very Very Precious respect it, If you take time for granted one day time will start taking you for granted.

Question for you —

Are you Sharpening your AX?

About the Author

Hi !!! I am Sachin, a Travel and Food blogger, if you love reading about them, meet me on here — Smileytraveller.

If you don’t like to read on Travel and Food not to worry, my Medium stories are ready to inspire you. Stay motivated and keep smiling :)