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Side Hustle School

BONUS: Small Business Strategies During COVID-19, PART I

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Entrepreneurship,, Careers, Entrepreneurship, Small Business

4.73.3K Ratings

🗓️ 29 April 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

How are small businesses doing in the wake of COVID-19? It turns out that some are struggling (a lot), others are thriving, and many others are trying to adapt. This special 3-part series is brought to you by Dell Technologies.

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


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Read A Year of Mental Health: yearofmentalhealth.com


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Transcript

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0:00.0

Hey everybody, what's up? It's Chris Killabout, you are listening to Sadistle School.

0:08.5

So I wanted to make this series in response to a lot of questions and comments I've been

0:12.7

getting and also just from paying attention to people's responses to the changing environment.

0:18.9

What I mean here is that you have the changes and challenges of the world itself, specifically

0:23.7

the coronavirus known as COVID-19 and all of its externalities and effects. And then you

0:28.4

have people's reactions to those events. And my observation focuses much more on the second part

0:34.0

because I'm sure you have heard your share of news about the coronavirus. So I'm not going to add

0:38.6

to that. What I want to talk about is some possible solutions not to finding a vaccine but to

0:43.6

thinking differently and taking action in terms of our economic security during this time. In terms

0:48.9

of what does this mean for your side hustle, for your small business, what does this mean for what

0:52.9

you're already working on, should you change, how will you adapt, how will you respond, and what

0:57.8

does this mean going forward? Okay, so we're going to do three bonus episodes here, one on each

1:01.9

Wednesday, today, one week from today and then the following week. And my hope is that along with

1:06.5

the other shows that are participating in this small business podference, this will be helpful in

1:10.8

making some decisions. Next week we'll talk about spotting opportunities during this time,

1:15.6

including a list of some specific ideas. And then the following we will talk about what comes next,

1:20.1

what's coming down the road, what's coming three months, six months from now. Because I think

1:23.5

that's actually a more helpful and valuable question. Today I want to look at three categories of

1:38.4

businesses or even entire industries. And let's consider who is doing well and who's not. Okay,

1:44.2

because whenever there is a major world event, there are winners and losers and some industries

1:49.3

advance while others decline. This is especially true when the major world event is unpredictable,

1:54.2

which is exactly what we have seen here. The black swan known as the novel coronavirus COVID-19,

...

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