Entrepreneurship

Business trends post COVID-19

Due to COVID-19, 2020 represented a year full of challenges for the entire world. The uncertainty that brought this situation of emergency not only left consequences at a global level in the economic aspect and in an  indefinite confinement, but also caused a massive loss of jobs and the reduction of the financial income of companies, from the smallest (microenterprises) to the largest (multinational).

During this time, many companies and businesses closed their doors. However, it is clear that it has been a year of reinventing ourselves, adapting to a new normal of making business, identifying new entrepreneurial opportunities and new innovative trends that have changed the course of many business models that lead the world.

I want to mention 4 trends that I consider came to stay with us for a long time and change business models that were inactive in the market:

  1. Online sales

Businesses that offer products and even services that were previously considered first-hand experiences are entering the digital market, the migration of businesses and large companies and the evolution of the  digital platforms that we use on a daily basis, allow us to purchase or request any product or service from our mobile devices or computer.

Before, the experience of going to a restaurant excited us for getting out of the routine, today the gastronomic sector is constantly reinventing itself to offer its customers an experience both in the premises and in their homes.

With the social media updates and E-commerce platforms, our favorite stores both local and international  are just a click away from us. As well, we are able to receive sports training from our cell phone, we access our bank, health insurance, rental services, among other needs. Clearly the list of possibilities goes on and on..

  1. Home service

The pandemic pushed those businesses that were still accommodated to traditional models to think more about the demands and needs of the client in this new normal. Today, a service that can arrive at your doorstep is a successful service.

For example, supermarkets send your shopping list directly to your door or hairdressing, veterinary, car wash services that have followed the trends of adapting to a consumer who has settled into their home.

The opportunity for reinvention not only comes for businesses, it is also a good time to start and create businesses in this sector or related to it, with which to offer delivery services, as well as the products that are needed to make a delivery. satisfactory such as packaging.

  1. The era of video and webinars.

We find ourselves in the need to constantly connect with the people around us and like-minded communities. But also, teleworking brought us a new scenario in which companies are forced to digital communication. On the other hand, today we consume much more audiovisual content. In this industry there are infinite possibilities to create platforms to communicate digitally, offer advice, consultancies, trainings, and the drop service trend is ideal to promote this type of online services.

  1. Financial investments

If COVID-19 taught us anything, it is that our finances must be organized and prepared for the least expected situations. The confinement and the massive loss of employment brought very difficult financial situations that reminded us that all eggs should not be placed in one basket.

Today I can say that as a society we are more aware of the importance of our finances and the investment boom in 2020 brought with it a great thirst for financial education. Investing is one of the most accessible possibilities that can generate benefits for us in the medium and long term. I’m not just talking about financial or stock investments, there are people who prefer to invest in the real estate sector, the health sector, the tourism sector, which was severely hit by the cessation of operations and today all energy is focused on reactivating its productive capacity. No matter what your niche is, investing is a decision that you should not forget in the aftermath.

It is true that we are all anxious to close this chapter, but the great lesson that 2020 left us has been to be creatively active in order to fully understand the challenges that arise. Today, only those who quickly adapt to changes and at the same time understand the importance of innovation to keep the business alive.

 

By
0
RELATED POSTS
Entrepreneurship

In the dynamic world of gastronomy, I am pleased to announce with great enthusiasm the arrival of the third edition of the Creative Cooking Diploma 2023, a project that goes beyond teaching and becomes a catalyst for opportunities for Dominican youth. This program, born as a vision to empower young enthusiasts of gastronomy, has become a platform to discover and nurture local talent. By supporting this diploma, my goal is to provide these young individuals not only with advanced culinary skills, but also to open doors to a future where their creativity can shine on the world gastronomic stage. The initiative to send the most outstanding student to the prestigious Basque Culinary Center in Spain continues, offering a unique experience that transcends geographical and cultural boundaries. This year, as in previous editions, we seek to highlight innovation, passion, and a commitment to excellence in the kitchen. I hope that this diploma serves as a springboard to new horizons, new connections, and, above all, to the flourishing of Dominican talent on the international stage. By continuing to support initiatives like this, we contribute not only to the individual development of participants but also to the enrichment of the rich Dominican culinary heritage. Welcome to the

Entrepreneurship

Tourism is a cornerstone of the Mexican economy, and one of the standout destinations in this industry is the stunning Riviera Maya. In this setting, Grupo Xcaret, a 100% Mexican company and a leader in sustainable tourism, has grown alongside this region for 30 years, developing a portfolio of seven natural parks: Xcaret, Xel-Há, Xenses, Xoximilco, Xavage, Xplor, and Xplor Fuego, along with three tours of archaeological sites and 900 rooms offered at the Hotel Xcaret México. Thanks to this, in 2019, it achieved a remarkable milestone, amassing four million visitors since its inception. In this regard, Xcaret's success is due to a combination of factors, with a focus on sustainability, excellence in customer service, and innovation being among the most prominent. The importance of sustainability: Grupo Xcaret has led the way in sustainability by blending entertainment offerings with environmental conservation. Its natural parks stand as a testament to this commitment, allowing visitors to enjoy the beauty of the Riviera Maya while becoming aware of the importance of protecting it. However, this commitment extends beyond nature preservation; it also encompasses the promotion of Mexico's rich culture. Every experience at a Xcaret park is infused with authenticity and national pride. Visitors can immerse

Entrepreneurship

The beverage industry, particularly the alcoholic beverages market, is maintaining steady growth, fueled by a range of factors influencing consumer preferences and emerging trends. In this context, I am pleased to examine why the beverage industry continues to thrive, taking into consideration some of the trends shaping the sector. The market for alcoholic beverages is astonishing in its magnitude. According to Statista data, revenues in the alcoholic beverages market reached an impressive figure of $1,609.00 billion in 2023, and it is projected to experience annual growth of 5.42% until 2027. An interesting highlight from the report is that the largest market segment is that of beer, representing a market volume of $610.00 billion in 2023. Consumer preferences play a pivotal role in this growth. According to data presented in the report, the demand for unique and premium alcoholic beverages is consistently rising globally, with consumers willing to invest more in high-quality products that offer distinctive flavors and experiences. This has led to an increase in the demand for craft beers and artisanal spirits, as well as limited-production wines, demonstrating that consumer palates' sophistication has also boosted the popularity of premium alcoholic beverages. According to the Distilled Spirits Council of the United States, in