John Paul Canonigo
Copywriter, Blogger, and Online Content Specialist
FEATURED Posts
Counting the Cost: Bitcoin Mining vs Gold Mining
The growth and emergence of bitcoins and other cryptocurrencies have become the digital alternative to gold in this day and age.
Startup Survival in the Post-Coronavirus World
Many startups are facing huge challenges as they try to survive and thrive in a post-Coronavirus
world.
Reinventing Your Business Model in the 'New Normal'
Reinventing your business model is one way to keep up with the new challenges in a changing business landscape.
Counting the Cost: Bitcoin Mining vs Gold Mining
Gold has always been the most traded commodity for thousands of years. It has helped shaped history as empires and nations rise and fall. Although the global economy is closely tied to the gold standard for most of the 19th to the 20th century, most of the rich and developed countries have substantial gold reserves. The growth and emergence of bitcoins and other cryptocurrencies have become the digital alternative to gold in this day and age.
Although gold mining, just like in the times of the great Gold Rush, requires a lot of resources and manpower to convert ore materials into precious gold bars, bitcoin mining is surprisingly a costly endeavor as well. But figures have shown that gold mining is 23 times more energy-consuming than Bitcoin mining as statistics go beyond the ore to gold bar conversion since the cost also covers paper currency and minting, banking systems, and governments.
Startup Survival in the Post-Coronavirus World
Let’s face it, we’re living a brave new world where the Coronavirus pandemic has effectively changed the landscape on how we live and interact with others. It also created a corresponding ripple that ripped off the fabric of society and the way we do business. With that, the once-promising startups and emerging businesses are severely affected by the implementation of travel restrictions, social distancing, and other draconian measures, which have impeded interconnectivity and people-to-people interaction. Many startups are facing these huge challenges as they try to survive and thrive in a post-Coronavirus world.
As long as there is no cure or vaccine developed to combat this health menace, more and more companies, big and small, are bleeding for money thereby causing them to close shops and let go of employees in the process. Those that rely so much on people are forced out of business. Profits and income were slashed more than half as people are stuck at home.
Reinventing Your Business Model in the ‘New Normal’
The impact of the Coronavirus pandemic has changed the business landscape for good as new regulations have been put in place to ensure social distancing and public health measures are enforced in order to prevent the spread of the virus. As millions of people worldwide have already infected and many died, businesses big and small have to make certain adjustments so that they won’t end up shutting down or go bankrupt. They just have to reinvent their business model and how they deal with customers in a totally different way. With that in mind, here are business ideas that they may have to consider doing in the so-called “new normal.”
We are now living in a time where Internet access is more critical than ever before. The widespread use of smartphones has made it possible to go online with a few swipes on it. Any traditional brick and mortar store should leverage the existing online infrastructure by expanding their presence on social media and other platforms so it will possible to service customers at their own convenience.