These Three Entrepreneurs Are Beating The Economic impacts of COVID-19

Due to the COVID-19 Pandemic, the UN estimates that almost 500 Million people around the world could be pushed towards poverty. This sets humankind by an estimate of three decades worth of hard work in developing countries. On the other hand, high income countries’ programs to hand out stimulus packages are yet to arrive in the households of the economically excluded. The International Labor Organization (ILO) estimates that about 1.6 billion workers in the informal economy are threatened by the pandemic daily. 

To soften the blow of the COVID-19 to affected workers, some entrepreneurs have begun exhausting a long list of possible businesses that could run and profit despite the looming threat of the virus. Here are some of the outstanding ideas, entrepreneurs have executed so far. 

People’s Revolt

Kali Ah Yuen, founder of People’s Revolt LLC. has seen a majority of positive trends in her business. People’s Revolt is a digital based company that helps other businesses grow and leave digital footprints all over the world. 

She believes that the sudden upsurge of clients were brought about by the business owner’s decision to go digital because of the current situation with the virus. 

Jumping Jack Taxes

Despite the pandemic, the U.S Government has maintained that forms for its citizens must still be filed on time. Dana Chanel and Prince Donnell created the Jumping Jack Taxes Mobile Application. A community of over 750 virtual tax professionals that are eager to help Americans stay in good standing with the government. The creators say that because of the Pandemic, they have become a “need” for every household. 

The 40% increase in the demand for their services seems to be the true testament that Americans want to promptly submit government requirements. Especially now that Donald Trump has been giving out Stimulus checks.

Travel With Clem

Clementine Affana, founder of Travel with Clem, has been teaching people with Day Jobs the importance and the booming popularity of working online from the comforts of their own homes. Her service provides customers with resources which revolve around making money online and improving the skills of people so they could hopefully monetize them for their gain. Traveling the world and having enough money to do so seems to be the central theme around her business. 

There are more out there

There are more entrepreneurs from all parts of the world who have beaten the systemic damages of the COVID-19 pandemic. The trend we have observed during the recession is this: It pays off when you go digital. Businesses who have worked their way to digitize their products and services have succeeded despite the virus all in the name of social distancing and staying at home.  

The next time you see a local business from a small entrepreneur, help them out. Not necessarily by just purchasing. Help them spread the word on their services. Help them connect with people who need them in order to help them thrive during this challenging time.