The Coronavirus Impact on Work

The Coronavirus Impact on Work

April 9, 2020 by investor

Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

The Coronavirus pandemic impacts many parts of the economy including work.

We’ll see changes in the following ways:

Increased usage of remote-work software tools. Video conferencing, shared drives, Slack, and other tools make virtual work efficient and will grow in adoption.

Remote work will become the norm rather than the exception. No one will miss the commute to work. 

Increasing use of virtual workers. With work moving online and companies moving to distributed models, the pool of available workers will expand.

Employers will look for new tools to manage online employee productivity.

With employees working remotely, new opportunities will arise for supporting workers with the delivery of physical goods.

Workers will need to retrofit their home office to accommodate the new workspace with the associated teleconferencing calls.

Corporate offices will be repurposed for new uses. For example, office buildings could be reconfigured to host company employees once a quarter for all hands-on employee meetings and shared among several companies.

As a startup, you may want to take note of these trends and plan your business strategy accordingly.


Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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Disclaimer:
Hall T. Martin is the Director of Investor Connect which is 501c3 non-profit dedicated to the education of investors for early stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

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