When COVID-19 started to hit in full force in early to
mid-March of this year, I had a wave of panic wash over me. I found
“Will our client’s businesses get through this
“Will our clients have customers who can still afford their
“Will Evolved Finance have to prepare to downsize?”
Luckily, those doubts didn’t last long.
Corey and I had always speculated that online
businesses would be particularly recession-proof (at least compared
to other businesses), and we are so happy to see that hypothesis
has proven to be mostly correct.
Although we have seen some of our clients’ businesses
struggle over the last 3 months ( a couple fell apart after only a
month), most of our clients have quickly stabilized, with many of
them even thriving during these tumultuous times.
This roller coaster we’ve been on as business owners
over the last 3 months has made me think a lot about not just the
“pros” of operating in the online space, but also made me aware of
the “cons” that I think we have to keep in mind as we continue to
move through an ever-changing economic landscape this
So for this episode, we discuss:
Why online businesses have done so well during
How online businesses are uniquely suited to changing
Why Silicone Valley is taking notice of the profit
margins in online businesses
The “pros” of running an online business that make it
so lucrative and fulfilling
The “cons” of running an online business that we all
need to be aware of and manage
About the Podcast
Bookkeeping and business education company dedicated to helping online entrepreneurs create profitable and healthy businesses.