Coronavirus and the Looming Recession

Mar 11, 2020

The coronavirus outbreak, the falling stock market, and the looming recession - all these events are filling the news recently. You might be worried about how they can impact you and your online business. The viral outbreak can indeed have economic consequences, but as a business turnaround expert and eternal optimist, I think this downturn opens up a lot of doors for entrepreneurs. As a business owner, how should you handle a downturn? What business opportunities can we expect during this time?

In this episode, I share details about the coronavirus’ spread in Iceland. I explain how the outbreak can impact the economy and industries, particularly, airline, hotel, restaurant, and event companies. I describe how everyone can help slow down the spread of the virus, and illustrate how COVID-19 can affect supply chains and consumer electronics. I also highlight how the looming recession and the viral outbreak can open up opportunities for entrepreneurs, especially for business consultants.

“A recession is a time of opportunity if you choose to see it that way. It gives you a chance to be proactive; the key is to make a decision before it’s too late.” - Sigrun

In This Episode of The Sigrun Show:

• Why I believe recessions can create opportunities for entrepreneurship
• The number of coronavirus cases in Iceland and how the virus entered the country
• What we know about the coronavirus spread in Iceland
• Why slowing down the virus is paramount and how to help prevent the spread of the coronavirus
• The impact of the coronavirus outbreak on the economy
• How CEOs and business owners should handle an economic crisis
• The coronavirus’ effect on recession and supply chain
• Entrepreneurial opportunities during a downturn
• Why the coronavirus spread may be a good opportunity for business consultants

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