The new ventures that can grow of the existing markets are limited due to the context specific nature of the business to begin with. As I stated there won't be much overlap into a new context after the pandemic is over. However, due to the last impact that this pandemic will have to our culture, we may become the face of pandemic prevention in our local area. The new norm will be more socially distant and will be cleaner public areas. We can then provide certain maintenance services to these businesses after it is all over.
New Market- We will become a non for profit PPE provider for the homeless and also expand to the B2C part of businesses by offering a subscription to cleaning services and PPE. We are targeting a more private sector, with more lower cost transactions. The business would have to evolve slightly and our workforce would have to increase. We can create a bundle with necessary cleaning equipment, masks, gloves, and newsletters with updates about diseases regionally and globally.
My assumption that certain aspects of this pandemic will be lasting in our society and has changed the way people think is true. People will be more cautious when it comes to infectious diseases and that within itself has its own opportunities. People will want to be cleaner and protect themselves, their loved ones, and other from getting a disease. They will want to clean their belongings more often and probably would not trust themselves to do it as thoroughly as professionals can. This new market would be a lot of work but can be just as lucrative, if not more, as the original one. However, after this pandemic is over, the old market will be obsolete and this is the only other logical path to take as a business.
Brian,
ReplyDeleteI would consider offering at home static disinfecting services. At my employer we have been paying hundreds of dollars for a cleaning company to come out and spray disinfectant through a static electricity gun. It is super simple and the markup is ridiculous. The cost is the gun and after that it would make a lot of money. You could market that major businesses in the area are using this technology and now you can in your home.