The way that people work has been rapidly changing with the explosion of high speed internet as well as the public health concern that is the coronavirus pandemic. Numerous people are now working remotely, and the trend does not seem to be simply a short-term thing. This has created a great new opportunity for entrepreneurs. Below are ways in which these entrepreneurs can maximize the rising demand of remote work.
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1. Create a business that embraces this trend
Perhaps the most obvious thing is to sit down and think about ways to create a business that caters to this newfound way of working. Providing a service to those who are now looking for places to go besides their house to get work done is one way to do this. This might include launching an app that details the best places in your city to go to work. It also might be opening a new coworking space in the neighborhood to accommodate the rising demand for these remote workers.
Or the new business endeavor could be something that gives workers an easy way to receive a service they need at their home or wherever they are working that they normally would get at the office. This might be food, groceries, supplies, or tech support.
There’s also a growing industry when it comes to online communities and collaborative workspaces. Building a project management tool like Slack or Milanote in a unique way is a sector that has become more and more important with remote work.
2. Mold your existing skillset to fit the new demand
Entrepreneurs will also want to spend some time learning new skills that are emphasized in jobs that are remote. This might include using resources like Search Remotely, which is a great resource for all things dealing with working remotely. There are a number of classes that you can take to develop the skills needed for many of the most popular remote jobs. LinkedIn also has a great guide to ramping up these kinds of skills.
3. Add new components to your endeavors
If you are already running a business and are looking to maximize your audience as remote working grows in popularity, consider ways to modify what you are doing. For example, if you run a coffee shop, this might include adding outlets, speeding up the internet, and creating an environment conducive to even more people who want to get work done. The same thing might apply to anyone who runs an AirBNB, restaurant, or even a bar. You might even consider having a worker’s lunchtime special or something of that nature.
Other types of businesses may place a larger emphasis on things like headsets, monitors, desks, office chairs, coffee makers, and anything that is commonly used in a home office. Consider increasing your advertising in these kinds of products. Apartment complexes and hotels may build a business center to lure in more of these kinds of workers.
Expanding how your product can be purchased is another great way to maximize this trend. If you have a product that can be delivered but isn’t yet, add that aspect to your business.
4. Lower your overhead
Finally, entrepreneurs who are able to work remotely can save a good chunk of money by simply lowering their overhead. Since they do not have to go into an office every day, a remote worker is free to live wherever they want. This means that they can skip all of the worrying about a long commute and just choose a place that is more affordable. The money saved on housing can then be spent on the business or invested in a wise way.
These are just a few ways to capitalize on this rising trend. As technology continues to improve, there should also continue to be a steady stream of people looking for advice on remote work, so don’t wait to dive deep into this burgeoning sector.
About Carson Derrow
