COVID-19 And Impact on Business
- Ability to make incremental investments helps businesses grab emerging opportunities and push up the earning potential- in this case the addition of the refrigerator brought additional sales and stability to the provisional store.
- The entrepreneur has an ongoing loan for his Refrigerator. A moratorium on the loan contracted will be helpful in softening the impact on the health of the business.
- Entrepreneur’s ability to gauge customer’s demands and preferences depending on the scenario is key in how businesses pivot and adapt during crisis times.
“Business has been impacted there is no question about it but my
investment in the (solar powered) refrigerator has turned out to be a life
line for me, bring in much needed income on daily basis.“
– Mr. Parameshwaraih, Provisional Store Owner